![]() ![]() Visit to get our data and content for your mobile app or website. Visit Performance Disclosure for information about the performance numbers displayed above. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. The monthly returns are then compounded to arrive at the annual return. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. ![]() Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. These returns cover a period from Januthrough October 2, 2023. Since 1988 it has more than doubled the S&P 500 with an average gain of +23.96% per year. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. and Morningstar, Inc.Ĭopyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606Īt the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Forbes Media, LLC Investor's Business Daily, Inc. Each of the company logos represented herein are trademarks of Microsoft Corporation Dow Jones & Company Nasdaq, Inc. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Keep in mind to rely on to watch all these stock-impacting metrics, and more, in the succeeding trading sessions. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. This industry, currently bearing a Zacks Industry Rank of 78, finds itself in the top 31% echelons of all 250+ industries. The Internet - Software industry is part of the Computer and Technology sector. Snap presently features a Zacks Rank of #2 (Buy). Over the past month, the Zacks Consensus EPS estimate remained stagnant. ![]() It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Such recent modifications usually signify the changing landscape of near-term business trends. Investors might also notice recent changes to analyst estimates for Snap. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0 per share and revenue of $4.49 billion, indicating changes of -100% and -2.36%, respectively, compared to the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $1.11 billion, indicating a 2.07% downward movement from the same quarter last year. The company's earnings per share (EPS) are projected to be -$0.04, reflecting a 150% decrease from the same quarter last year. The company plans to announce its earnings on October 24, 2023. Market participants will be closely following the financial results of Snap in its upcoming release. The company behind Snapchat's shares have seen an increase of 7.67% over the last month, surpassing the Computer and Technology sector's loss of 0.34% and the S&P 500's loss of 1.57%. Elsewhere, the Dow lost 0.98%, while the tech-heavy Nasdaq lost 1.62%. This move was narrower than the S&P 500's daily loss of 1.34%. Snap ( SNAP Quick Quote SNAP - Free Report) ended the recent trading session at $9.60, demonstrating a -0.93% swing from the preceding day's closing price. ![]()
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