Snap Q3 2024 Earnings Preview
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Contributor since / Followers
Contributor since / Followers
2 months ago
- Snap (NYSE:SNAP) is scheduled to announce Q3 earnings results on Tuesday, October 29th, after market close.
- Wall Street expects the Snapchat owner to post Earnings Per Share (EPS) of $0.05, implying a growth of 150%, while revenue is expected to rise 14.3% to $1.36 billion.
- The stock hit a 52-week low of $8.29 on August 7th after reporting Q3 soft revenue guidance.
- Over the last 2 years, SNAP has beaten EPS estimates 88% of the time and has beaten revenue estimates 38% of the time.
- Over the last 3 months, EPS estimates have seen 3 upward revisions and 11 downward. Revenue estimates have seen 11 upward revisions and 19 downward.
- Recent earnings Analysis from our contributors:Snapchat: Social Media ‘Evaporation’ Risk Growing With Excessive Advertising Efforts