![]() ![]() Internet - Software stocks are, on average, holding a PEG ratio of 2.08 based on yesterday's closing prices. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. This valuation marks a discount compared to its industry's average Forward P/E of 41.39.Īlso, we should mention that SNAP has a PEG ratio of 16.72. Valuation is also important, so investors should note that Snap has a Forward P/E ratio of 33.44 right now. Snap is holding a Zacks Rank of #3 (Hold) right now. Over the past month, the Zacks Consensus EPS estimate has moved 8.44% lower. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Our system takes these estimate changes into account and delivers a clear, actionable rating model. We developed the Zacks Rank to capitalize on this phenomenon. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Its revenue fell 7 year over year to 989 million. What are the reasons to sell SNAP Why should I sell SNAP stock Let's look at the reasons to sell SNAP stock (i.e., the bear case): SNAP quarterly revenue growth was -3.90, lower than the industry and sector average revenue growth (1.16 and 2. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Snap 's ( SNAP -0.23) stock price plunged 17 on April 28 after the social media company posted a disappointing first-quarter earnings report. These recent revisions tend to reflect the evolving nature of short-term business trends. Our most recent consensus estimate is calling for quarterly revenue of $1.3 billion, up 0.47% from the year-ago period.Īny recent changes to analyst estimates for Snap should also be noted by investors. On that day, Snap is projected to report earnings of $0.10 per share, which would represent a year-over-year decline of 54.55%. Snap will be looking to display strength as it nears its next earnings release, which is expected to be January 31, 2023. In that same time, the Computer and Technology sector lost 0.17%, while the S&P 500 gained 1%. Meanwhile, the Dow gained 0.64%, and the Nasdaq, a tech-heavy index, added 8.98%.Ĭoming into today, shares of the company behind Snapchat had gained 1.26% in the past month. This move lagged the S&P 500's daily gain of 0.34%. Snap (SNAP) closed the most recent trading day at $9.64, moving -0.21% from the previous trading session.
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