Wall Street brokerages expect Snap Inc. (NYSE:SNAP) to announce earnings of ($0.27) per share for the current quarter, Zacks reports. Eight analysts have made estimates for Snap’s earnings. The highest EPS estimate is ($0.10) and the lowest is ($0.39). The business is scheduled to report its next quarterly earnings report on Wednesday, August 9th.

Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Snap.

Snap (NYSE:SNAP) last issued its quarterly earnings results on Wednesday, May 10th. The company reported ($2.31) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($2.05) by $0.26. The firm had revenue of $149.60 million for the quarter, compared to the consensus estimate of $158.32 million. The firm’s quarterly revenue was up 285.6% on a year-over-year basis.

Several equities analysts recently commented on the stock. Instinet reaffirmed a “reduce” rating and set a $14.00 price objective on shares of Snap in a research note on Friday. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Snap in a research note on Saturday, June 3rd. Needham & Company LLC reaffirmed an “underperform” rating on shares of Snap in a research note on Friday. J P Morgan Chase & Co reissued a “neutral” rating and issued a $18.00 price target (down previously from $20.00) on shares of Snap in a research note on Monday, June 5th. Finally, Vetr raised shares of Snap from a “buy” rating to a “strong-buy” rating and set a $22.81 price target for the company in a research note on Monday, June 5th. Eight analysts have rated the stock with a sell rating, seventeen have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Snap presently has an average rating of “Hold” and a consensus target price of $21.84.

Shares of Snap (SNAP) traded down 0.55% during mid-day trading on Tuesday, hitting $18.10. 11,899,206 shares of the stock were exchanged. The stock’s 50-day moving average is $20.83 and its 200-day moving average is $21.25. The stock’s market capitalization is $21.34 billion. Snap has a 52 week low of $17.56 and a 52 week high of $29.44.

A number of large investors have recently bought and sold shares of the stock. US Bancorp DE purchased a new stake in Snap during the first quarter worth approximately $101,000. WFG Advisors LP purchased a new stake in Snap during the first quarter worth approximately $109,000. Benjamin F. Edwards & Company Inc. purchased a new stake in Snap during the first quarter worth approximately $158,000. Pacer Advisors Inc. purchased a new stake in Snap during the first quarter worth approximately $205,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in Snap during the first quarter worth approximately $223,000. Institutional investors own 29.57% of the company’s stock.

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Snap Company Profile

Snap Inc, formerly Snapchat, Inc, is a camera company. The Company’s flagship product, Snapchat, is a camera application that helps people to communicate through short videos and images known as a Snap. The Company offers three ways for people to make Snaps: the Snapchat application, Publishers Tools that help its partners to create Publisher Stories, and Spectacles, its sunglasses that make Snaps.

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