Posted 3/12/2024, 10:00:17 PM
Snap Stock Dips Despite Recent Gains; Q4 Earnings Expected to Drop Sharply
- Snap (SNAP) stock fell 0.84% despite market gains; Snapchat parent company shares up 1.98% in past month
- Snap expected to report Q4 EPS of -$0.05 on revenue of $1.12B, reflecting big drop in earnings
- Consensus estimates call for full-year earnings of $0.16 per share, up 77.78%
- Internet software industry valuations high (PEG ratio of 1.81) compared to SNAP's 2.05 PEG
- Snap has Zacks Rank #3 (Hold); top 50% of Zacks Ranked stocks historically outperform bottom 50%