For Immediate ReleasesChicago, IL – November 15, 2024 – Zacks.com announces the list of stocks and featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include including Snap-on Inc. (SNA) , Griffon Corp. (GFF) , Churchill Downs Inc. (CHDN) and Roper Technologies, Inc. (ROP) .Here are highlights from Friday’s Analyst Blog:4 Stocks in Focus That Recently Announced Dividend ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.It also includes access to the Zacks Style Scores.What are the Zacks Style Scores?The Zacks ...

Snap (NYSE: SNAP ) reported better than expected earnings for the third fiscal quarter with the top line also growing faster than expected. The social media company is growing its average revenue per user and the subscriber numbers for Analyst's Disclosure: I/we have a beneficial long position in the shares of SNAP, META either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking ...

Snap (SNAP) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Since a changing earnings pictur ...

The social media company is developing technology to make its platform more engaging.Snap (SNAP 3.04%) reported increased users, revenue, and cash flow as it works to better monetize its massive customer base.*Stock prices used were the afternoon prices of Oct. 30, 2024. The video was published on Nov. 1, 2024. ...

Snap just delivered a strong set of quarterly financial results.Snap (SNAP -3.65%) is the parent company of social media platform Snapchat. Its stock is down 85% from its all-time high, which was set during the tech frenzy in 2021. While many of its peers also plunged following that period, Snap struggled to mount a sustained recovery.The company's revenue growth isn't keeping pace with other social media giants like Meta Platforms, and it also continues to lose money at the bottom line. However, Snap's rec ...

Core Insights - Meta Platforms and Snap exceeded earnings expectations but experienced stock declines of over -3% following their Q3 results [1] - Snap's user base and advertising doubled year-over-year, while Meta faced concerns over increased spending [1] Meta's Q3 Results - Meta's daily active users (DAUs) increased to 3.32 billion in Q3 from 3.19 billion year-over-year [2] - Q3 sales reached $40.58 billion, surpassing estimates of $40.2 billion, and rose 19% from $34.14 billion in the same quarter last year [2] - Q3 EPS was $6.03, beating expectations of $5.19 by 16% and increasing 37% from $4.39 a year ago [2] - Meta has exceeded earnings expectations for eight consecutive quarters with an average EPS surprise of 11.34% in the last four quarters [3] Financial Metrics - Meta's cash and equivalents stood at $43.85 billion, up from $41.86 billion at the end of Q3 2024, but down from $65.4 billion at the beginning of the year [5] - Earnings estimates for fiscal 2024 and FY25 have been revised upward, projecting a 44% increase in FY24 and a 13% increase in FY25 to $24.37 per share [5][6] Snap's Q3 Results - Snapchat's DAUs more than doubled to 443 million, with Q3 sales of $1.37 billion, exceeding estimates of $1.35 billion and increasing 16% from $1.18 billion in Q3 2023 [7] - Q3 EPS was $0.08, beating the Zacks Consensus of $0.05 and up from $0.02 in the same quarter last year [7] - Snap has met or exceeded the Zacks EPS Consensus for nine consecutive quarters, with an average earnings surprise of 58.57% in the last four quarters [8] Financial Outlook for Snap - Earnings estimate revisions for FY24 and FY25 have trended lower over the last 90 days, resulting in a Zacks Rank 4 (Sell) for Snap [8] - Snap shares are down -27% year-to-date as the company aims to maintain profitability since going public in 2017 [8]

Snap Inc SNAP shares climbed on Wednesday after the company reported upbeat third-quarter results. The company reported its results amid an exciting earnings season. Here are some key analyst takeaways. Cantor Fitzgerald On Snap Analyst Deepak Mathivanan maintained a Neutral rating while raising the price target from $8 to $9. Snap reported its adjusted EBITDA ahead of expectations, with the beat being driven by better cost management, Mathivanan said in a note. The company's fourth-quarter guidance is bett ...

The company grew its revenue and reduced its losses.Shares of Snapchat's parent company, Snap (SNAP 16.02%), soared on Wednesday after the company reported financial results for the third quarter of 2024. User growth and revenue trends are strong and encouraging. And that's why Snap stock was up 14% as of 1:15 p.m. ET.Good growth and improved cash flow excite investorsSnap ended Q3 with an astounding 443 million daily active users, which was a 9% jump from the same quarter of 2023. On top of this user growt ...

Key Takeaways Snap beats profit and sales estimates as users embrace its artificial intelligence and augmented reality technology. Average daily active users, average revenue per user, and ad revenue all exceeded forecasts. Snap announced a $500 million share buyback. Shares of Snap (SNAP) jumped Wednesday after the social media company posted better-than-anticipated results and announced a stock buyback. The owner of the Snapchat photo and video sharing app reported third quarter non-GAAP earnings per shar ...