What is Zacks Research’s Forecast for Snap FY2028 Earnings?

Snap Inc. (NYSE:SNAP) – Investment analysts at Zacks Research issued their FY2028 earnings per share (EPS) estimates for shares of Snap in a note issued to investors on Tuesday, February 24th. Zacks Research analyst Team expects that the company will earn $0.00 per share for the year. The consensus estimate for Snap’s current full-year earnings is ($0.30) per share.

Snap (NYSE:SNAP) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). Snap had a negative return on equity of 20.72% and a negative net margin of 7.76%.The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same quarter last year, the firm posted $0.01 EPS. The company’s revenue was up 10.2% compared to the same quarter last year.

A number of other equities analysts have also issued reports on SNAP. Bank of America upgraded shares of Snap from a “neutral” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Thursday, February 5th. Rosenblatt Securities lowered their price objective on shares of Snap from $9.50 to $6.40 and set a “neutral” rating on the stock in a research note on Thursday, February 5th. Cantor Fitzgerald lowered their price target on Snap from $9.00 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, February 5th. Mizuho dropped their price objective on Snap from $9.00 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, February 5th. Finally, Roth Mkm set a $7.00 price objective on Snap in a report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twenty have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Snap has a consensus rating of “Hold” and a consensus price target of $8.17.

Snap Price Performance

Shares of SNAP opened at $5.27 on Thursday. Snap has a one year low of $4.65 and a one year high of $10.41. The stock’s fifty day moving average is $6.84 and its 200-day moving average is $7.43. The company has a debt-to-equity ratio of 1.53, a quick ratio of 3.56 and a current ratio of 3.56. The firm has a market capitalization of $8.90 billion, a price-to-earnings ratio of -19.52 and a beta of 0.83.

Insider Buying and Selling at Snap

In other Snap news, General Counsel Zachary M. Briers sold 68,620 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $4.73, for a total value of $324,572.60. Following the completion of the transaction, the general counsel directly owned 2,785,468 shares in the company, valued at $13,175,263.64. This trade represents a 2.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CTO Robert C. Murphy sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $5.36, for a total transaction of $5,360,000.00. Following the completion of the transaction, the chief technology officer directly owned 49,313,775 shares of the company’s stock, valued at $264,321,834. This represents a 1.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,526,487 shares of company stock valued at $13,435,587 over the last 90 days. 22.68% of the stock is owned by insiders.

Institutional Investors Weigh In On Snap

Several hedge funds have recently bought and sold shares of the business. Empowered Funds LLC grew its stake in Snap by 13.3% during the 1st quarter. Empowered Funds LLC now owns 40,393 shares of the company’s stock valued at $352,000 after acquiring an additional 4,754 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of Snap by 1.8% during the second quarter. Asset Management One Co. Ltd. now owns 400,739 shares of the company’s stock worth $3,482,000 after purchasing an additional 7,104 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Snap by 31.7% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,208,697 shares of the company’s stock worth $36,574,000 after purchasing an additional 1,013,757 shares during the period. MQS Management LLC acquired a new stake in shares of Snap during the second quarter worth approximately $131,000. Finally, Envestnet Asset Management Inc. increased its stake in Snap by 18.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 27,566 shares of the company’s stock valued at $240,000 after buying an additional 4,332 shares during the period. 47.52% of the stock is owned by hedge funds and other institutional investors.

About Snap

Snap Inc is a camera and social media company best known for developing and operating Snapchat, a multimedia messaging application that allows users to send photos, videos and messages that disappear after being viewed. In addition to its core messaging service, Snap offers a suite of augmented reality (AR) tools, including custom Lenses and Filters, that enable users and third-party developers to create interactive and immersive experiences. The company also provides advertising solutions that allow brands to engage audiences through Snap Ads, Sponsored Lenses and Discover content on the platform.

Founded in 2011 by Evan Spiegel and Bobby Murphy, Snap has continually focused on innovation in camera technology and AR.