Reddit Inc. has landed on Zacks.com's list of the most searched stocks, with the Zacks Rank currently at #3 (Hold). For the current quarter, Reddit is expected to post earnings of $1.33 per share, a change of +66.3% from the year-ago quarter, while the Zacks Consensus Estimate has moved +0.8% over the last 30 days. The consensus earnings estimate of $5.27 for the current fiscal year indicates a year-over-year change of +101.2%, and the next fiscal year's consensus of $6.94 indicates a change of +31.6%. Consensus sales estimates stand at $886.87 million for the current quarter, $3.39 billion for the current fiscal year and $4.49 billion for the next fiscal year, indicating changes of +51.6%, +54.1% and +32.2%, respectively. In the last reported quarter, Reddit posted revenues of $804.91 million, up +61.1% year over year, and EPS of $1.25 versus $0.45 a year ago, beating the Zacks Consensus Estimate of $743.93 million by +8.2% on revenue with an EPS surprise of +26.26%.
Reddit, Inc.Zacks sets a #3 (Hold) rating on Reddit amid heavy investor search, with strong consensus earnings and sales estimates.
