Snap (SNAP) to Release Earnings on Tuesday

Snap (NYSE:SNAP - Get Free Report) is projected to release its Q1 2025 earnings data after the market closes on Tuesday, April 29th. Analysts expect the company to announce earnings of $0.04 per share and revenue of $1.35 billion for the quarter. Snap has set its Q1 2025 guidance at EPS.

Snap (NYSE:SNAP - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.13). Snap had a negative net margin of 13.02% and a negative return on equity of 25.67%. On average, analysts expect Snap to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Snap Price Performance

Shares of SNAP traded up $0.19 during mid-day trading on Friday, reaching $8.52. 32,795,993 shares of the company's stock were exchanged, compared to its average volume of 27,892,358. Snap has a 52-week low of $7.08 and a 52-week high of $17.33. The company has a market cap of $14.45 billion, a price-to-earnings ratio of -20.29 and a beta of 0.92. The company has a 50-day simple moving average of $8.90 and a two-hundred day simple moving average of $10.48. The company has a quick ratio of 3.95, a current ratio of 3.95 and a debt-to-equity ratio of 1.47.

Insiders Place Their Bets

In related news, General Counsel Michael J. O'sullivan sold 24,000 shares of Snap stock in a transaction on Monday, March 31st. The shares were sold at an average price of $8.60, for a total value of $206,400.00. Following the completion of the sale, the general counsel now owns 507,660 shares of the company's stock, valued at approximately $4,365,876. The trade was a 4.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Derek Andersen sold 33,618 shares of the firm's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $8.83, for a total value of $296,846.94. Following the transaction, the chief financial officer now owns 3,507,897 shares in the company, valued at approximately $30,974,730.51. This trade represents a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,356,523 shares of company stock worth $12,710,077 in the last quarter. 22.68% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

SNAP has been the topic of a number of analyst reports. Guggenheim restated a "neutral" rating on shares of Snap in a research report on Wednesday, April 2nd. Piper Sandler reduced their price objective on Snap from $13.00 to $10.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Wells Fargo & Company dropped their target price on shares of Snap from $11.00 to $9.00 and set an "equal weight" rating for the company in a research report on Monday, March 31st. Barclays reaffirmed an "overweight" rating on shares of Snap in a research report on Wednesday, February 5th. Finally, BMO Capital Markets restated an "outperform" rating and set a $16.00 target price (down previously from $18.00) on shares of Snap in a report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, twenty-four have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Snap has an average rating of "Hold" and an average target price of $35.49.

About Snap

Snap Inc operates as a technology company in North America, Europe, and internationally. The company offers Snapchat, a visual messaging application with various tabs, such as camera, visual messaging, snap map, stories, and spotlight that enable people to communicate visually through short videos and images.