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Snap (SNAP) Stock Moves 0.44%: What You Should Know

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Snap (SNAP - Free Report) ended the recent trading session at $9.22, demonstrating a +0.44% swing from the preceding day's closing price. Meanwhile, the Dow experienced a rise of 0.59%, and the technology-dominated Nasdaq saw a decrease of 0.23%.

The company behind Snapchat's shares have seen a decrease of 31.08% over the last month, not keeping up with the Computer and Technology sector's gain of 1.79% and the S&P 500's gain of 2.55%.

The upcoming earnings release of Snap will be of great interest to investors. It is anticipated that the company will report an EPS of $0.05, marking a 150% rise compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $1.35 billion, up 13.97% from the year-ago period.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.20 per share and revenue of $5.36 billion. These totals would mark changes of +122.22% and +16.29%, respectively, from last year.

Investors should also take note of any recent adjustments to analyst estimates for Snap. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 8.33% downward. At present, Snap boasts a Zacks Rank of #3 (Hold).

Looking at its valuation, Snap is holding a Forward P/E ratio of 44.94. This represents a premium compared to its industry's average Forward P/E of 30.

The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 97, positioning it in the top 39% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.


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