On the technical side, indicators suggest SNAP has a 50% Buy on average for the short term. 1 upward and no downward comments were posted in the last 7 days. The company’s revenue is forecast to grow by 2.60% over what it did in 2023.Ī company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Snap Inc. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2023 is $4.72 billion. The average estimate suggests sales will likely down by -5.30% this quarter compared to what was recorded in the comparable quarter last year. It means analysts are expecting annual earnings per share growth of 47.10% this year and 52.00% next year.Īnalysts have forecast the company to bring in revenue of $1.01 billion for the current quarter, with the likely lows of $983.4 million and highs of $1.04 billion. Analysts have predicted the quarterly earnings per share to grow by $0 per share this quarter, however they have predicted annual earnings per share of $0.
Investors’ optimism about the company’s current quarter earnings report is understandable. Snap Inc., whose market valuation is $16.43 billion at the time of this writing, is expected to release its quarterly earnings report Apr 27, 2023. That's why StockWire News has put together a special Wealth Building Report, highlighting 3 small cap stocks set to soar in 2023.Ĭlick here for full details and to join for free. The trick is figuring out which small caps will be tomorrow's winners. In today's chaotic marketplace, the biggest gains will come from some currently-small companies that pass by older, larger businesses still stuck in a pre-pandemic world. Do You Know The Best Place To Find Gains In Volatile Markets?
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