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Snap Reports Q4: Everything You Need To Know Ahead Of Earnings


Jabin Bastian /
2022/02/02 5:57 am EST
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Social network Snapchat (NYSE: SNAP) will be reporting earnings tomorrow afternoon. Here's what investors should know.

Last quarter Snap reported revenues of $1.06 billion, up 57.2% year on year, missing analyst expectations by 2.9%. It was a weaker quarter for the company, with an underwhelming revenue guidance for the next quarter and a miss of the top line analyst estimates. Daily active users were up 57 million year over year to 306 million.

Is Snap buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Snap's revenue to grow 48.9% year on year to $1.35 billion, slowing down from the 62.4% year-over-year increase in revenue the company had recorded in the same quarter last year. Earnings are expected to come in at $0.18 per share.

Snap Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates twice over the last two years.

With Snap being the first among its peers to report earnings this season, we don't have anywhere else to look at to get a hint at how this quarter will unravel for consumer internet stocks, but the whole sector has been facing a sell-off since late last year, with the stocks down on average 9.68% over the last month. Snap is down 21.3% during the same time, and is heading into the earnings with analyst price target of $75.82, compared to share price of $34.65.

Is Snap buy or sell heading into the earnings? Read our full analysis here, it's free.

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The author has no position in any of the stocks mentioned.