Snap's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Snap Inc. (NYSE:SNAP) is scheduled to release its quarterly earnings report on February 6, 2024. Analysts predict an EPS of $0.06. The company's past earnings performance shows a pattern of beating EPS estimates but experiencing subsequent share price drops. Shares are currently trading at $17.05, with a 52-week increase of 37.31%. Investors are keen on both the earnings outcome and the company's future guidance.
February 05, 2024 | 3:01 pm
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Snap Inc. is expected to report an EPS of $0.06 for the quarter. Historical data shows a pattern of beating EPS estimates but facing subsequent share price declines. The stock has seen a 37.31% increase over the last 52 weeks.
Given Snap's history of beating EPS estimates but experiencing share price declines post-earnings, the short-term impact is uncertain. The stock's positive year-long performance may buffer negative reactions, but investor focus on future guidance could sway the price direction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100