Equities Analysts Offer Predictions for Snap FY2028 Earnings

Snap Inc. (NYSE:SNAP) – Research analysts at Zacks Research issued their FY2028 earnings per share estimates for Snap in a research report issued on Tuesday, February 24th. Zacks Research analyst Team expects that the company will post earnings of $0.00 per share for the year. The consensus estimate for Snap’s current full-year earnings is ($0.30) per share.

Snap (NYSE:SNAP) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.70 billion. Snap had a negative net margin of 7.76% and a negative return on equity of 20.72%. Snap’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.01 earnings per share.

Several other equities analysts have also commented on the stock. Stifel Nicolaus set a $5.50 price objective on shares of Snap and gave the company a “hold” rating in a research report on Thursday, February 5th. Truist Financial increased their price target on shares of Snap from $10.00 to $11.00 and gave the company a “hold” rating in a report on Friday, November 7th. UBS Group reiterated a “buy” rating on shares of Snap in a research report on Monday. Bank of America raised Snap from a “neutral” rating to a “buy” rating and set a $10.00 price objective on the stock in a research note on Thursday, February 5th. Finally, B. Riley Financial raised Snap from a “neutral” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, twenty have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $8.17.

Snap Trading Up 1.7%

SNAP stock opened at $5.06 on Thursday. The firm has a fifty day moving average price of $6.89 and a 200 day moving average price of $7.44. Snap has a fifty-two week low of $4.65 and a fifty-two week high of $10.59. The firm has a market cap of $8.54 billion, a PE ratio of -18.72 and a beta of 0.83. The company has a debt-to-equity ratio of 1.53, a quick ratio of 3.56 and a current ratio of 3.56.

Insiders Place Their Bets

In related news, insider Ajit Mohan sold 119,339 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $4.70, for a total transaction of $560,893.30. Following the completion of the transaction, the insider owned 5,158,477 shares in the company, valued at $24,244,841.90. The trade was a 2.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Robert C. Murphy sold 1,000,000 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $5.36, for a total value of $5,360,000.00. Following the completion of the transaction, the chief technology officer directly owned 49,313,775 shares in the company, valued at $264,321,834. This trade represents a 1.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,526,487 shares of company stock worth $13,435,587 over the last three months. 22.68% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Mackenzie Financial Corp raised its holdings in Snap by 5.1% in the third quarter. Mackenzie Financial Corp now owns 27,638 shares of the company’s stock worth $213,000 after purchasing an additional 1,349 shares in the last quarter. WealthCollab LLC grew its position in shares of Snap by 1.2% in the 4th quarter. WealthCollab LLC now owns 115,390 shares of the company’s stock worth $931,000 after buying an additional 1,369 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Snap by 0.3% during the 3rd quarter. Alliancebernstein L.P. now owns 414,416 shares of the company’s stock worth $3,195,000 after acquiring an additional 1,396 shares in the last quarter. Orion Porfolio Solutions LLC lifted its position in Snap by 8.3% during the second quarter. Orion Porfolio Solutions LLC now owns 18,913 shares of the company’s stock valued at $164,000 after acquiring an additional 1,451 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. boosted its stake in Snap by 37.5% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 5,500 shares of the company’s stock valued at $44,000 after acquiring an additional 1,500 shares in the last quarter. 47.52% of the stock is currently owned by hedge funds and other institutional investors.

Snap Company Profile

Snap Inc is a camera and social media company best known for developing and operating Snapchat, a multimedia messaging application that allows users to send photos, videos and messages that disappear after being viewed. In addition to its core messaging service, Snap offers a suite of augmented reality (AR) tools, including custom Lenses and Filters, that enable users and third-party developers to create interactive and immersive experiences. The company also provides advertising solutions that allow brands to engage audiences through Snap Ads, Sponsored Lenses and Discover content on the platform.

Founded in 2011 by Evan Spiegel and Bobby Murphy, Snap has continually focused on innovation in camera technology and AR.