Analysts expect Snap Inc (NYSE:SNAP) to announce ($0.14) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have issued estimates for Snap’s earnings. The highest EPS estimate is ($0.12) and the lowest is ($0.15). Snap also posted earnings per share of ($0.14) during the same quarter last year. The company is scheduled to report its next earnings report on Tuesday, November 6th.

Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Snap.

Snap (NYSE:SNAP) last posted its quarterly earnings data on Tuesday, August 7th. The company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.18. The business had revenue of $262.26 million for the quarter, compared to analyst estimates of $247.24 million. Snap had a negative return on equity of 49.79% and a negative net margin of 155.31%.

SNAP has been the topic of a number of analyst reports. Zacks Investment Research raised Snap from a “sell” rating to a “hold” rating in a research note on Tuesday, July 24th. Wedbush raised Snap from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $11.50 to $12.25 in a research note on Tuesday, September 11th. Cowen decreased their price objective on Snap from $9.00 to $8.00 and set an “underperform” rating on the stock in a research note on Friday, July 13th. Pivotal Research reaffirmed a “sell” rating and set a $9.00 price objective on shares of Snap in a research note on Wednesday, August 8th. Finally, Wells Fargo & Co reissued a “hold” rating and issued a $12.00 price target on shares of Snap in a research note on Wednesday, August 8th. Eleven analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $14.45.

Shares of SNAP traded down $0.19 during trading hours on Thursday, reaching $8.80. 18,000,854 shares of the company traded hands, compared to its average volume of 25,784,721. The firm has a market cap of $11.56 billion, a P/E ratio of -4.23 and a beta of -2.84. Snap has a fifty-two week low of $8.67 and a fifty-two week high of $21.22.

In other news, CFO Timothy R. Stone sold 8,619 shares of the firm’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $9.29, for a total value of $80,070.51. Following the transaction, the chief financial officer now directly owns 1,224,343 shares in the company, valued at approximately $11,374,146.47. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Lara Sweet sold 10,268 shares of the firm’s stock in a transaction dated Monday, July 16th. The shares were sold at an average price of $13.18, for a total value of $135,332.24. Following the sale, the vice president now owns 620,358 shares in the company, valued at $8,176,318.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,346,960 shares of company stock worth $37,977,549.

Large investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC raised its holdings in shares of Snap by 188.1% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 10,041 shares of the company’s stock valued at $131,000 after buying an additional 6,556 shares during the period. North Star Investment Management Corp. raised its holdings in shares of Snap by 283.0% during the 2nd quarter. North Star Investment Management Corp. now owns 10,150 shares of the company’s stock valued at $133,000 after buying an additional 7,500 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Snap during the 1st quarter valued at about $134,000. Greenwood Capital Associates LLC purchased a new stake in shares of Snap during the 2nd quarter valued at about $138,000. Finally, Sunbelt Securities Inc. purchased a new stake in shares of Snap during the 2nd quarter valued at about $138,000. Institutional investors and hedge funds own 22.29% of the company’s stock.

Snap Company Profile

Snap Inc operates as a camera company in the United States and internationally. The company offers Snapchat, a camera application that helps people to communicate through short videos and images. It also provides Camera, a tool to personalize and add context to Snaps; Friends Page that allows to creating and watching stories, chatting with groups, making voice and video calls, and communicating through a range of contextual stickers and Bitmojis; and Discover that helps to surface the most interesting stories from publishers, creators, and the community, based on a user's subscriptions and interests.

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Earnings History and Estimates for Snap (NYSE:SNAP)

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