#Snap stock outlook software

Over the last 30 days, this estimate has changed -6.3%.įor the next fiscal year, the consensus earnings estimate of $0.08 indicates a change of +900% from what Snap is expected to report a year ago. The Zacks Consensus Estimate has changed -13.6% over the last 30 days.įor the current fiscal year, the consensus earnings estimate of -$0.01 points to a change of -105.9% from the prior year. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.įor the current quarter, Snap is expected to post a loss of $0.04 per share, indicating a change of -150% from the year-ago quarter. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. And if earnings estimates go up for a company, the fair value for its stock goes up. We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings. Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. The key question now is: What could be the stock's future direction?Īlthough media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.

#Snap stock outlook software

During this period, the Zacks Internet - Software industry, which Snap falls in, has lost 11.7%. Over the past month, shares of this company behind Snapchat have returned -30.1%, compared to the Zacks S&P 500 composite's -3.3% change.

So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Snap (SNAP) is one of the stocks most watched by visitors lately.