Company Performance - Reddit Inc. closed at $96.46, reflecting a -1.83% change from the previous day, which is less than the S&P 500's daily loss of 0.17% [1] - Over the past month, Reddit's shares have decreased by 21.74%, underperforming the Computer and Technology sector's loss of 6.26% and the S&P 500's loss of 3.94% [1] Upcoming Earnings - The company's earnings report is scheduled for May 1, 2025, with an expected EPS of $0.03, indicating an 89.66% decline from the same quarter last year [2] - Revenue is forecasted to be $373.57 million, representing a 53.76% increase compared to the corresponding quarter of the previous year [2] Full Year Projections - For the full year, earnings are projected at $1.12 per share and revenue at $1.8 billion, reflecting increases of +133.63% and +38.15% respectively from the prior year [3] Analyst Forecast Revisions - Recent revisions to analyst forecasts for Reddit Inc. are important as they reflect short-term business trends, with positive changes indicating analyst optimism about the company's profitability [4] Stock Performance and Zacks Rank - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Reddit Inc. at 3 (Hold), with the Zacks Consensus EPS estimate having decreased by 4.09% in the past month [6] - Historically, 1 ranked stocks have generated an average annual return of +25% since 1988 [6] Valuation Metrics - Reddit Inc. has a Forward P/E ratio of 87.98, which is significantly higher than the industry average Forward P/E of 25.15 [7] - The company also has a PEG ratio of 2.71, compared to the average PEG ratio of 1.91 for Internet-Software stocks [8] Industry Context - The Internet-Software industry is part of the Computer and Technology sector, currently holding a Zacks Industry Rank of 68, placing it in the top 28% of over 250 industries [9]
Reddit Inc. (RDDT) Registers a Bigger Fall Than the Market: Important Facts to Note