Snap Sees Q1 Revenue $1.095B-$1.135B vs $1.12B Est.
Portfolio Pulse from Benzinga Newsdesk
Snap Inc. projects its Q1 revenue to be between $1.095 billion and $1.135 billion, which is around the analyst estimate of $1.12 billion.
February 06, 2024 | 9:14 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Snap Inc. expects its Q1 revenue to be in the range of $1.095 billion to $1.135 billion, closely matching the analyst expectations of $1.12 billion.
Snap Inc.'s revenue forecast aligns closely with analyst expectations, indicating a neutral impact on the stock price in the short term. The precision of their forecast suggests confidence in their financial performance, but since it meets rather than exceeds expectations, the immediate impact on the stock price is likely to be neutral.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100