Snap Earnings Preview
Portfolio Pulse from Benzinga Insights
Snap (NYSE:SNAP) is set to release its quarterly earnings report on Tuesday, 2023-10-24. Analysts estimate an earnings per share (EPS) of $-0.04. The company's past performance shows a trend of share price drops following earnings reports, despite beating EPS estimates. Shares of Snap were trading at $9.44 as of October 20, with a 0.94% increase over the last 52-week period.
October 23, 2023 | 3:01 pm
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NEGATIVE IMPACT
Snap's upcoming earnings report could potentially impact its share price, as past earnings reports have led to price drops despite beating EPS estimates.
Historically, Snap's share price has dropped following earnings reports, even when the company has beaten EPS estimates. This trend suggests that the upcoming earnings report could potentially lead to a similar outcome, hence the negative score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100