Friday, July 30, 2021

What the analysts are predicting for Snap Inc.’s [SNAP] earnings

Earnings from Snap Inc. [SNAP] are scheduled on April 22, 2021, after the market closes. It is expected that the company will report strong earnings for the quarter ending Mar 2021.


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SNAP Stock Earnings Outlook For The Current Quarter

The consensus estimates for the quarter suggest that the company would earn -$0.05 per share on revenue of $743.01M. Taking a look at the future, the company is projected to report revenue of $826.11M at an earnings per share of -$0.02 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 46.60% in revenue and 292.86% in earnings per share for the company.

SNAP Stock Earnings Forecast For The Current Year


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For the full financial year, Snap Inc. [NYSE:SNAP] is forecasted to generate revenue of $3.83B. The figure is about $1.32 billion above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $0.15 in 2021, which is $0.21 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 350.00% this year, 306.70% next year, and 94.30% annually over the next five years. With regard to sales, forecasts suggest an incline of 53.00% in current fiscal year and 46.60% over following year.

SNAP Stock Price Performance

At a recent check today, Snap Inc. [NYSE:SNAP] finished up 0.48% at $58.58. The stock’s day high price was $59.09, and its lowest was $56.70. Its price fall -5.98% in the last five days. Since the beginning of the year, Snap Inc.’s shares are up nearly 16.44%. However, the share price is -20.40% below its one year high. The top price reached by the shares of the company was $73.59 on 02/24/21, while the 52-week low came on 03/30/21, when the shares were $47.92. In the past year, shares of the company have risen 368.65%. At 50 days, the moving average achieved is $59.82 while at 200 days, the moving average is $42.29. There were 5.15 million shares traded in the last session, down from 18.03 million in the previous session.

Snap Inc. [NYSE:SNAP] Stock Valuation Metrics

Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 36.59 PS value ratio is reported for the last one year of reported earnings. This is above the average return 4.98 for the industry, which means SNAP offers an unattractive investment opportunity than its competitors do.

SNAP Share Price Support And Resistance Levels

Based on the daily chart, the immediate backing lies around the 58.86 level, and the violation of this level will cause a further drop to 56.97 level. At the upper end, 61.75 remains a key resistance. As the stock increases, it may find resistance at 60.42. In the 14-day chart, the Relative Strength Index standing at 48.97 suggests a technical neutral stance while the MACD standing at -1.93 indicates price will decrease in the next trading period. Stochastic %K at 47.11% suggests holding the stock while Percent R indicator at 54.90% suggests low price movement.

How much is the short interest in Snap Inc.?

There have been a drop in short interest in the Snap Inc. Financial stock, with short interest down by -0.55 million shares to 60.88 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 60.33 million shares. This 0.9% increase suggests some bearish sentiment was experienced by the stock. Shorted shares accounted for just 5.47% of the overall float in the stock, while the stock’s days to cover moved to 2.79.

How do analysts view Snap Inc.?

In regard to the share price forecast for Snap Inc. stock, the analysts, as surveyed by FactSet, forecast the price to reach $78.00 in the next twelve months, representing almost an 24.9% growth from its recent price of $58.58. Among Snap Inc. stock projections, $100.00 is the highest analyst target for the stock, while $40.00 is the lowest. Despite this, 39 analysts who share their consensus rating for SNAP in 2021 agree that the stock is an Overweight. The latest rating change took place on 4/15/21, when Cowen & Co. Ratings launched coverage of the stock at “Outperform” and assigned a price target of $88.0.

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