Snap (SNAP) stock closed down 0.62%, showing positive outlook with increased revenue and earnings

From Nasdaq: 2024-12-13 18:00:07

Snap (SNAP) closed at $11.31, down 0.62%. Dow fell 0.2%, Nasdaq rose 0.12%. Snap’s shares gained 5.76% over the past month, outpacing sector and S&P 500. Earnings per share projected at $0.13, revenue at $1.55 billion, both showing increases. Zacks Rank at #2 (Buy) with upward estimate revisions.

Investors watch Snap’s upcoming earnings closely. Estimates project EPS increase of 62.5% from last year. Revenue predicted to rise by 13.99%. Full-year estimates show earnings at $0.24 per share and revenue at $5.36 billion. Positive estimate revisions suggest good business outlook, impacting stock price performance.

Snap has a Forward P/E ratio of 46.77, above industry average of 35.21. Internet – Software industry ranks in the top 14% of all industries. Zacks Industry Rank of 33 indicates strength. Zacks Rank system shows #1 ranked stocks yield +25% return annually. Monitor stock metrics on Zacks.com for future trading sessions.

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Read more at Nasdaq: Snap (SNAP) Stock Moves -0.62%: What You Should Know