Snap (SNAP) Beats Stock Market Upswing: What Investors Need to Know

Company Performance - Snap (SNAP) closed at $10.27, reflecting a +1.18% change from the previous session, outperforming the S&P 500's 0.22% gain [1] - Over the past month, Snap's shares have decreased by 4.15%, underperforming the Computer and Technology sector's gain of 2.29% and the S&P 500's gain of 1.47% [1] - The upcoming earnings report on October 29, 2024, is expected to show earnings of $0.05 per share, representing a year-over-year growth of 150% [1] Revenue and Earnings Estimates - Full-year Zacks Consensus Estimates predict earnings of $0.21 per share and revenue of $5.34 billion, indicating year-over-year changes of +133.33% and +16.03% respectively [2] - The latest consensus estimate for the upcoming quarter anticipates revenue of $1.35 billion, a 13.93% increase compared to the same quarter last year [1][2] Analyst Sentiment and Valuation - Snap currently holds a Zacks Rank of 4 (Sell), with the Zacks Consensus EPS estimate remaining stagnant over the past month [3] - The Forward P/E ratio for Snap is 47.76, which is a premium compared to the industry average Forward P/E of 31.81 [3] - The Internet - Software industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 66, placing it in the top 27% of over 250 industries [3]