Earnings and Analyst Estimates - The upcoming earnings release of Reddit Inc is of significant interest to investors [1] - Recent changes to analyst estimates for Reddit Inc indicate shifting near-term business trends, with upward revisions reflecting analysts' positive outlook on the company's business operations and profit generation [1] - Over the last 30 days, the Zacks Consensus EPS estimate for Reddit Inc has increased by 3.05% [2] - Reddit Inc currently holds a Zacks Rank of 2 (Buy) [2] Valuation Metrics - Reddit Inc is trading at a Forward P/E ratio of 243.91, significantly higher than the industry average of 27.61 [3] - The company's PEG ratio stands at 6.06, compared to the industry average of 2.05 [3] Stock Performance - Reddit Inc's stock closed at $164.82 in the latest trading session, marking a 0.1% increase from the previous day [6] - The stock's performance lagged behind the S&P 500's daily gain of 0.12%, while the Dow rose by 0.52% and the Nasdaq decreased by 0.23% [6] - Over the past month, Reddit Inc's stock has declined by 7.55%, underperforming the Computer and Technology sector's loss of 3.73% and the S&P 500's loss of 3.45% [6] Industry Overview - The Internet - Software industry, part of the Computer and Technology sector, currently holds a Zacks Industry Rank of 34, placing it in the top 14% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]
Reddit Inc. (RDDT) Advances But Underperforms Market: Key Facts