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Snap (SNAP) Stock Moves -0.78%: What You Should Know
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Snap (SNAP - Free Report) closed at $6.35 in the latest trading session, marking a -0.78% move from the prior day. This move was narrower than the S&P 500's daily loss of 0.79%. Meanwhile, the Dow lost 0.85%, and the Nasdaq, a tech-heavy index, lost 1.11%.
Prior to today's trading, shares of the company behind Snapchat had gained 19.63% over the past month. This has outpaced the Computer and Technology sector's gain of 12.9% and the S&P 500's gain of 13.44% in that time.
Investors will be hoping for strength from SNAP as it approaches its next earnings release, which is expected to be February 5, 2019. In that report, analysts expect SNAP to post earnings of -$0.08 per share. This would mark year-over-year growth of 38.46%. Our most recent consensus estimate is calling for quarterly revenue of $376.64 million, up 31.84% from the year-ago period.
It is also important to note the recent changes to analyst estimates for SNAP. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 3% higher. SNAP is currently sporting a Zacks Rank of #3 (Hold).
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 24, which puts it in the top 10% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Snap (SNAP) Stock Moves -0.78%: What You Should Know
Snap (SNAP - Free Report) closed at $6.35 in the latest trading session, marking a -0.78% move from the prior day. This move was narrower than the S&P 500's daily loss of 0.79%. Meanwhile, the Dow lost 0.85%, and the Nasdaq, a tech-heavy index, lost 1.11%.
Prior to today's trading, shares of the company behind Snapchat had gained 19.63% over the past month. This has outpaced the Computer and Technology sector's gain of 12.9% and the S&P 500's gain of 13.44% in that time.
Investors will be hoping for strength from SNAP as it approaches its next earnings release, which is expected to be February 5, 2019. In that report, analysts expect SNAP to post earnings of -$0.08 per share. This would mark year-over-year growth of 38.46%. Our most recent consensus estimate is calling for quarterly revenue of $376.64 million, up 31.84% from the year-ago period.
It is also important to note the recent changes to analyst estimates for SNAP. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 3% higher. SNAP is currently sporting a Zacks Rank of #3 (Hold).
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 24, which puts it in the top 10% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.