Snap (SNAP) is scheduled to announce Q4 earnings results on Wednesday, February 4th, after market close.
SNAP shares were down 6.6% on Tuesday.
Wall Street, on average, expects Snapchat’s parent company to post a quarterly EPS of $0.15 (-6.3% Y/Y) on revenue of $1.7B (+9.0% Y/Y).
The company sees revenue between $1.68B and $1.71B and adjusted EBITDA of $280M to $310M.
In the third quarter, Snap reported third-quarter results and forecast that were above expectations and struck a partnership with AI search engine company Perplexity.
Most recently, Snap established “Specs Inc.” as a separate unit within the company as it strives to make a name in the smart eyewear sector.
“Snap remains uninvestable with persistent losses, ongoing dilution, and no tangible progress toward profitability after 15 years,” pointed out a recent Seeking Alpha analysis.
Over the last 2 years, SNAP has beaten EPS estimates 88% of the time and has beaten revenue estimates 63% of the time.
Over the last 3 months, EPS estimates have seen 14 upward revisions and 3 downward. Revenue estimates have seen 23 upward revisions and 11 downward.
Since the start of the year, SNAP shares have fallen over 20%, compared to the 2% rise in the broader S&P 500 index (SP500).
Both Seeking Alpha’s Quant and the Wall Street analysts see the company as a Hold.