by SignalFactory · October 21, 2021 | 11:11:51 UTC
Snap’s stock (NYSE: SNAP) is scheduled to report its fiscal Q3 2021 results on Thursday, October 21. The expectation Snap to beat the consensus estimates for revenues, while its earnings will likely be in line with the consensus. The company has beaten consensus estimates for revenue and earnings for each of the last four quarters. In the past year, the company has increased engagement as daily average users continue to increase every quarter. In Q2 2021, the company launched 177 million new international Discover Channels, including 36 in the UK and 24 in India, one of which is a partnership with Sony Pictures Network to launch five shows. For Q2 2021, Spotlight, the company’s newest platform surfacing the most entertaining Snaps from the community, saw daily active users grow by 49%, average daily content submissions tripled, and daily time spent per user in the U.S. grow by over 60% compared to the previous quarter.
1) Revenues expected to be marginally ahead of the consensus estimates: Snap’s revenues for full-year 2020 were $2.5 billion – up 46% y-o-y, mainly due to growth in North America Advertising revenues as the digital form of advertising continues to garner higher demand. Trefis estimates Snap’s fiscal Q3 2021 revenues to be around $1.14 billion, just above the $1.1 billion consensus estimate.
2) EPS is likely to be in line with the consensus estimates: Snap Q3 2021 earnings per share are expected to be $0.08 per Trefis analysis, in line with the consensus estimate of $0.08. The company’s net loss decreased from $325.9 million to $151.6 million in the first quarter of 2021 as they continue to work on improvement in their operating margin. There is expected that the net income margin to improve in FY2021 compared to the previous year.
3) Stock price estimate 8% more than current market price: Snap’s valuation, using an RPS estimate of around $3.57 and a P/S multiple of 22.8x in fiscal 2022. This translates into a price of $81, which is 8% above the current market price of around $75.
Snap Long (Buy) Enter At: 76.68 T.P_1: 83.90 T.P_2: 88.98 T.P_3: 94.50 T.P_4: 100.00 S.L: 70.22
All information on this website is of a general nature. The information is not adapted to conditions that are specific to your person or entity. The information provided can not be considered as personal, professional or legal advice or investment advice to the user.
Signal Factory is not represented as a registered investment consultant or brokerage dealer nor offers to buy or sell any of the financial instruments mentioned in the service offered.
While Signal Factory believes that the content provided is accurate, there are no explicit or implied warranties of accuracy. The information provided is believed to be reliable; Signal Factory does not guarantee the accuracy or completeness of the information provided. Third parties refer to Signal Factory to provide technology and information if a third party fails, and then there is a risk that the information may be delayed or not delivered at all.
All information and comments contained on this website, including but not limited to, opinions, analyzes, news, prices, research, and general, do not constitute investment advice or an invitation to buy or sell any type of instrument. Signal Factory assumes no responsibility for any loss or damage that may result, directly or indirectly, from the use or dependence on such information.
All information contained on this web site is a personal opinion or belief of the author. None of these data is a recommendation or financial advice in any sense, also within the meaning of any commercial act or law. Writers, publishers and affiliates of Signal Factory are not responsible for your trading in any way.
The information and opinions contained in the site are provided for information only and for educational reasons, should never be considered as direct or indirect advice to open a trading account and / or invest money in Forex trading with any Forex company . Signal Factory assumes no responsibility for any decisions taken by the user to create a merchant account with any of the brokers listed on this website. Anyone who decides to set up a merchant account or use the services, free of charge or paid, to any of the Forex companies mentioned on this website, bears full responsibility for their actions.
Any institution that offers a service and is listed on this website, including forex brokers, financial companies and other institutions, is present only for informational purposes. All ratings, ratings, banners, reviews, or other information found for any of the above-mentioned institutions are provided in a strictly objective manner and according to the best possible reflection of the materials on the official website of the company.
Forex trading is potentially high risk and may not be suitable for all investors. The high level of leverage can work both for and against merchants. Before each Forex investment, you should carefully consider your goals, past experience and risk level. The opinions and data contained on this site should not be considered as suggestions or advice for the sale or purchase of currency or other instruments. Past results do not show or guarantee future results.
Neither Signal Factory nor its affiliates ensure the accuracy of the content provided on this Site. You explicitly agree that viewing, visiting or using this website is at your own risk.