Snap closed at $5.29, down 5.87% from the prior session, outpacing losses of 0.76% on the S&P 500, 0.68% on the Dow and 1.13% on the Nasdaq. Ahead of its upcoming results, the company's projected EPS stands at $0.16, a 166.67% increase from the same quarter last year, while the consensus revenue estimate is $1.72 billion, up 14.33% year over year. For the full year, the Zacks Consensus Estimates call for earnings of $0.59 per share and revenue of $6.78 billion, changes of 78.79% and 14.35% respectively. The Zacks Consensus EPS estimate has moved 54.48% higher over the past month, and Snap currently carries a Zacks Rank of #3 (Hold). Snap trades at a Forward P/E of 9.58 against an industry average of 20.16, with a PEG ratio of 0.21 versus the Internet - Software industry's 1.14.
Snap IncSnap fell 5.87% ahead of earnings; analysts project $0.16 EPS and consensus estimates have risen, with a low Forward P/E of 9.58 vs industry 20.16.
