Snap Inc. is set to announce its latest quarterly earnings on Tuesday, May 5th, with a consensus estimate EPS of $0.09.
Snap Inc.'s current price stands at $6, with a decrease of 7 cents (-1.16%) from the previous close. Trading volume is at $14.27 million, representing a 24.6% increase relative to the average.
In the most recent quarterly earnings report on Tuesday, February 3rd, Snap Inc. fell short of expectations with an EPS of $0.15. The latest quarterly revenue figures and earnings call summary are pending release.
Barclays recently upgraded Snap Inc.'s grade to "Overweight" from its previous "Overweight" rating on April 27th.
Snap Inc. reported a net change in cash of $77.12 million, with operating cash flow at $269.58 million. Notable movements include stock-based compensation at $257.24 million and common stock repurchased amounting to -$250.29 million.
The company generated $1.72 billion in revenue, resulting in a gross profit of $1 billion. Operating income stood at $49.72 million, with a net income of $45.21 million.
Key financial metrics reveal a gross profit margin of 59%, net profit margin of 2.63%, and a price-to-earnings ratio of 76.33 for Snap Inc.
Snap Inc. boasts total assets of $7.68 billion, with total debt at $4.70 billion and net debt at $3.67 billion.
This real-time financial report provides insights into Snap Inc.'s current standing and upcoming financial milestones.
Snap Inc. operates as a camera company in North America, Europe, and internationally. The company offers Snapchat, a camera application with various functionalities, such as Camera, Communication, Snap Map, Stories, and Spotlight that enable people to communicate visually through short videos and images. It also provides Spectacles, an eyewear product that connects with Snapchat and captures photos and video from a human perspective; and advertising products, including AR ads and Snap ads comprises a single image or video ads, story ads, collection ads, dynamic ads, and commercials. The company was formerly known as Snapchat, Inc. and changed its name to Snap Inc. in September 2016. Snap Inc. was founded in 2010 and is headquartered in Santa Monica, California.