Snap Inc. (NYSE:SNAP) is reporting third quarter earnings results on Tuesday 20th October 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.05 per share.
For the full year, analysts predict revenues of $ 2192.13 million, while looking forward to loss of $ 0.18 per share.
Previous Quarter Performance
Snap Inc. unfold loss for the second quarter of $ 0.09 per share, from the revenue of $ 454.16 million. The quarterly revenues grew 26.31 percent compared with the same quarter last year. Wall street analysts are predicting, SNAP to report 2Q20 loss of $ 0.09 per share from revenue of $ 438.09 million. The top line results outshined analysts by $ 16.07 million or 3.67 percent.
Stock Performance
Shares of Snap Inc. traded up $ 0.83 or 2.98 percent on Monday, reaching $ 28.66 with volume of 30.21 million shares. Snap Inc. has traded high as $ 29.08 and has cracked $ 28.25 on the downward trend
According to the previous trading day, closing price of $ 28.66, representing a 252.72 % increase from the 52 week low of $ 7.89 and a 4.3 % decrease over the 52 week high of $ 29.08.
The company has a market capital of $ 42.11 billion and is part of the Technology sector and Internet Content & Information industry.
Recent Analyst recommendations
- On 19th October 2020, maintained by KeyBanc at Overweight rating, with $ 35.00 target price.
- On 16th October 2020, maintained by Credit Suisse Group at Outperform rating, with $ 32.00 target price.
- On 14th October 2020, maintained by Stifel Nicolaus at Buy rating, with $ 32.00 target price.
- On 12th October 2020, maintained by Deutsche Bank at Buy rating, with $ 32.00 target price.
- On 28th September 2020, upgraded by Guggenheim to Buy from Neutral rating, with $ 28.00 target price.
Conference Call
Snap Inc. will be hosting a conference call at 5:00 PM eastern time on 20th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.snap.com
Snap Inc. operates as a camera company in the United States and internationally. The company offers Snapchat, a camera application that helps people to communicate through short videos and images.
