* Snap Inc is expected to show a rise in quarterly revenue when it reports results on February 6 for the period ending December 31 2023
* The Santa Monica California-based company is expected to report a 5.8% increase in revenue to $1.375 billion from $1.3 billion a year ago, according to the mean estimate from 32 analysts, based on LSEG data.The company's guidance on October 24 2023, for the period ended December 31, was for revenue between $1.32 billion and $1.38 billion. (SAL is based on Total Revenue)
* LSEG's mean analyst estimate for Snap Inc is for earnings of 6 cents per share.
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 9 "strong buy" or "buy," 28 "hold" and 4 "sell" or "strong sell."
* The mean earnings estimate of analysts was unchanged in the last three months.
* Wall Street's median 12-month price target for Snap Inc is $14.00, below its last closing price of $17.05.
The company's guidance on October 24 2023 for the period ended December 31 was for Earnings before Interest, Taxes, Depreciation and Amortization of between USD1.32 billion and USD105 million. Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Sep. 30 2023 -0.04 -0.04 0.02 Beat 147.3
Jun. 30 2023 -0.04 -0.04 -0.02 Beat 53
Mar. 31 2023 0.00 -0.01 0.01 Beat 262.1
Dec. 31 2022 0.10 0.11 0.14 Beat 23.1
Sep. -0.01 -0.01 0.08 Beat 685.4
30 2022
Jun. 30 2022 -0.02 -0.02 -0.02 Met -30.3
Mar. 31 2022 0.02 0.01 -0.02 Missed -400.6
Dec. 31 2021 0.12 0.10 0.22 Beat 110.1
This summary was machine generated February 2 at 22:17 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
