Snap Inc. (NYSE: SNAP) is set to report its first-quarter financial results after the markets close on Tuesday. The consensus estimates are calling for a net loss of $0.07 per share and $431.43 million in revenue. The same period from last year had a net loss of $0.10 per share and $320.43 million in revenue.
The company’s previously issued guidance for the first quarter called for revenues in the range of $450 million to $470 million and an adjusted EBITDA loss between $90 million and $70 million. However, these numbers may be subject to change as a result of the coronavirus outbreak.
During the fourth quarter, daily active users increased to 218 million compared to 187 million.
At the same time, average revenue per user increased by 23% to $2.58, compared to the fourth quarter from last year.
Excluding Tuesday’s move, Snap stock had underperformed the S&P 500 and Dow Jones industrial average with a retreat of about 21% year to date. In the past 52 weeks, the share price is actually up 11%.
Here’s what analysts had to say ahead of the report:
- Deutsche Bank has a Buy rating and a $16 price target.
- Stifel has a Buy rating with a $15 target price.
- Merrill Lynch’s Buy rating comes with a $15 price target.
- Wells Fargo rates it as Buy with a $14 target price.
- Credit Suisse has an Outperform rating and a $20 target.
- MKM Partners has a Buy rating with a $17 price target.
Snap stock traded down about 1% on Tuesday, at $12.82 in a 52-week range of $7.89 to $19.75. The consensus price target is $16.15.
24/7 Wall St.100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.