Company Performance - Reddit Inc. closed at $205.92, with a +1.12% change from the previous day, outperforming the S&P 500 which fell by 0.38% [1] - The stock has decreased by 11.46% over the past month, underperforming the Computer and Technology sector's gain of 7.44% and the S&P 500's gain of 4.06% [1] Earnings Expectations - The upcoming earnings report is expected to show an EPS of $0.52, reflecting a 225% increase from the same quarter last year [2] - Revenue is projected to be $549.69 million, up 57.8% from the prior-year quarter [2] - For the entire fiscal year, earnings are estimated at $1.87 per share and revenue at $2.05 billion, indicating increases of +156.16% and +57.36% respectively from the previous year [3] Analyst Estimates and Rankings - Recent modifications to analyst estimates for Reddit Inc. indicate short-term business trends, with positive revisions suggesting analyst optimism [4] - The Zacks Rank system, which assesses estimate changes, currently ranks Reddit Inc. as 1 (Strong Buy), with a historical average annual return of +25% for stocks rated 1 since 1988 [6] Valuation Metrics - Reddit Inc. has a Forward P/E ratio of 108.63, significantly higher than the industry average Forward P/E of 30 [7] - The company has a PEG ratio of 3.11, compared to the Internet - Software industry's average PEG ratio of 2.35 [7] Industry Context - The Internet - Software industry is part of the Computer and Technology sector, currently holding a Zacks Industry Rank of 81, placing it in the top 33% of over 250 industries [8]
Reddit Inc. (RDDT) Increases Despite Market Slip: Here's What You Need to Know