12/20/2023 0 Comments Snap stock outlook![]() ![]() LightShed Partners analysts led by Rich Greenfield expect that the first quarter will be the low point for Snap’s revenue growth, with improvement thereafter. Of the 41 analysts tracked by FactSet who follow Snap’s stock, six have buy ratings, 32 have hold ratings, and three have sell ratings, with an average price target of $10.40. ![]() The stock is up 15% so far this year but down 62% over a 12-month span. Stock movement: Snap shares have gained following six of the company’s last 10 earnings reports, though they’ve declined after each of Snap’s three most recent ones. Those contributing to Estimize project $1.023 billion in revenue. Revenue: The FactSet consensus calls for $1.008 billion in first-quarter revenue, down from $1.063 billion a year before. On Estimize, which crowdsources projections from hedge funds, academics, and others, the average estimate calls for 1 cent in adjusted earnings per share. After adjustments, analysts expect a 1-cent loss per share, compared with a 2-cent loss per share a year before. What to expectĮarnings: Analysts tracked by FactSet expect Snap to report a 23-cent loss per share, whereas it recorded a 22-cent loss per share in the year-earlier period. Here’s what to watch for when Snap reports. See also: Meta’s huge stock surge can power on as ‘every headwind’ is now a tailwind, analysts say +0.64% positively surprised with its own results, and Snap’s report will show whether the digital-ad market is holding up better than expected or whether Meta is simply executing better, perhaps at the expense of competitors. There’s a bit of optimism heading into that report as social-media rival Meta Platforms Inc. The Snapchat parent company will look to break from that pattern when it delivers first-quarter results after Thursday’s closing bell. ![]()
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