Core Viewpoint - Reddit Inc. has experienced a decline of -4.8% in share price over the past month, contrasting with the S&P 500's increase of +11.3% and the Internet - Software industry's gain of +18.2% [1] Earnings Estimates - Reddit Inc. is projected to report earnings of $0.19 per share for the current quarter, reflecting a year-over-year increase of +416.7% and a 30-day change of +27% in the Zacks Consensus Estimate [4] - For the current fiscal year, the consensus earnings estimate stands at $1.21, indicating a year-over-year change of +136.3% with a 30-day change of +3.5% [4] - The next fiscal year's consensus earnings estimate is $2.18, showing an increase of +80.3% from the previous year, although it has decreased by -2.7% over the past month [5] Revenue Growth Forecast - The consensus sales estimate for the current quarter is $426.12 million, representing a year-over-year increase of +51.6% [10] - For the current fiscal year, the sales estimate is $1.85 billion, indicating a +42.1% change, while the next fiscal year's estimate of $2.38 billion reflects a +28.9% change [10] Last Reported Results and Surprise History - In the last reported quarter, Reddit Inc. achieved revenues of $392.36 million, a year-over-year increase of +61.5%, and an EPS of $0.13 compared to $0.29 a year ago [11] - The company surpassed the Zacks Consensus Estimate for revenues by +5.45% and for EPS by +550% [11] - Reddit Inc. has consistently beaten consensus EPS and revenue estimates in the last four quarters [12] Valuation - Reddit Inc. is graded F in the Zacks Value Style Score, indicating it is trading at a premium compared to its peers [16]
Is Trending Stock Reddit Inc. (RDDT) a Buy Now?