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Snap Inc. (SNAP) closed at $10.56 on the latest trading day, reflecting a decrease of 0.28%. In contrast, the S&P 500 saw a gain of 0.4%, with the Dow increasing by 0.62% and the Nasdaq rising by 0.6%. Over the past month, Snap’s stock has experienced a notable increase of 15.36%.
Upcoming financial results for Snap are anticipated, with projected earnings per share (EPS) of $0.05, a 150% increase year-over-year, and revenue expectations of $1.35 billion, a rise of 13.98%. For the year, earnings are expected at $0.21 per share and sales at $5.35 billion, signifying increases of 133.33% and 16.08%, respectively.
Currently, Snap holds a Zacks Rank of #3 (Hold) and a Forward P/E ratio of 49.83, above the industry average of 30.41. The Internet – Software industry currently ranks 78 out of over 250 industries, placing it in the top 31% of all sectors.
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