Snap Inc. (NYSE:SNAP) is set to announce second quarter earning results on Tuesday 21st July 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, SNAP to report 2Q20 loss of $ 0.09 per share.
For the full year, analysts anticipate top line of $ 2131.89 million, while looking forward to loss of $ 0.18 per share bottom line.
Previous Quarter Performance
Snap Inc. unfold loss for the first quarter of $ 0.08 per share, from the revenue of . The quarterly earnings declined 5.71 percent while revenues compared with the same quarter last year.
Wall street analysts are predicting, loss of $ 0.07 per share The bottom line results missed street analysts by $ 0.01 or 14.29 percent, at the same time, top line results analysts by $ 0.43 million or .
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of SNAP was $ 25.30, representing a 220.66 % increase from the 52 week low of $ 7.89 and a 5.46 % decrease over the 52 week high of $ 26.76.
The company has a market capital of $ 36.88 billion and is part of the Technology sector and Internet Content & Information industry.
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Recent Analyst recommendations
On 9th July 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 25.00 target price.
On 26th June 2020, maintained by Wells Fargo & Co at Overweight rating, with $ 28.00 target price.
On 12th June 2020, maintained by JPMorgan Chase & Co. at Overweight rating, with $ 22.00 target price.
On 1st June 2020, maintained by Deutsche Bank at Buy rating, with $ 24.00 target price.
Conference Call
Snap Inc. will be hosting a conference call at 5:00 PM eastern time on 21st July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.snap.com
Snap Inc. operates as a camera company in the United States and internationally. The company offers Snapchat, a camera application that helps people to communicate through short videos and images.
