Snap: Analysts Call For Company To Hit Guidance For Q1

Snap Inc (NYSE: SNAP) will be reporting their first quarter on April 22nd after market close. Analysts have a consensus $74.76 12-month price target on the company, via a total of 39 analysts, with nine analysts having strong buy ratings. 21 analysts meanwhile have buy ratings, eight have hold ratings and one analyst has a strong sell rating. The street high comes from Rosenblatt with a $100 price target, and the lowest target sits at $40.

31 analysts have revenue estimates for the first quarter. The company has also guided for revenues of between $720 and $740 million. The mean revenue estimate between all 31 analysts is $742.7 million; this number has been revised upwards from $692.5 million at the start of the year. The highest revenue estimate is $777.4 million, while the lowest is $728 million.

Onto EBITDA estimates, there are currently 28 analysts who have first-quarter EBITDA estimates. The company guided for negative $50 – $70 million for this quarter. The mean is currently negative $53.4 million, with this number having been revised down from a positive $14 million at the start of the year. Street high is a negative $3 million EBITDA estimate and the lowest being negative $90.1 million.

Analysts estimate that quarterly earnings per share will come in at negative $0.06, with this number being slightly revised down from negative $0.02 at the start of the year. Street high is negative $0.03 and the lowest estimate is negative $0.08 per share for the quarter.

Information for this briefing was found via Sedar and Refinitiv. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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