snap stock (NYSE: SNAP) is down about 30% year-to-date, compared to an 8% rise in the S&P 500 index over the same period. This decline was due to weaker performance in the fourth quarter of 2023, with below-par revenue and average revenue per user (ARPU). Still, stocks rose 6.2% yesterday, with most major tech stocks holding firm (Nasdaq up 2.1%). This comes after Federal Reserve Chairman Jerome Powell hinted at the possibility of lowering interest rates by the end of the year.Overall, Snap trades at its current price of just under $12, 10% below its fair value of just over $13 – Trefis estimates. Snap evaluation.
In the current financial climate, SNAP stock has suffered a 75% plunge from the $50 level in early January 2021 to about $12 currently, while the S&P 500 index has fallen by about 35% over the past three years. %Rose. However, the decline in SNAP inventories has been far from consistent. The stock returned -6% in 2021, -81% in 2022, and 89% in 2023. In comparison, the S&P 500 returned 27% in 2021, -19% in 2022, and 24% in 2023.it shows that SNAP underperformed the S&P In 2021 and 2022. actual, Consistently outperforms the S&P 500 – Good times and bad times – In recent years, conditions have been difficult for individual stocks. Information technology sector stalwarts like MSFT, AAPL, and NVDA, as well as mega-sized companies like GOOG, TSLA, and AMZN. On the other hand, Trefis High Quality (HQ) Portfoliohas a collection of 30 stocks, Outperformed the S&P 500 every year over the same period. why is that? As a group, Headquarters portfolio stocks carried less risk and delivered better returns compared to the benchmark index.Definitely not a roller coaster ride Head Office Portfolio Performance Indicators. Given the current uncertain macroeconomic environment of high oil prices and rising interest rates, SNAP may face a similar situation in 2021 and 2022. Underperform the S&P Will it recover in the next 12 months?
The company recorded total revenue of $1.36 billion in the fourth quarter of 2023. This is a 5% year-over-year increase, primarily due to average daily active users (DAU) increasing by 10% year-on-year to 414 million. However, the positive impact of increased DAU was partially offset by his 5% decrease in ARPU (average revenue per user). On the cost side, operating loss for the quarter decreased from $287.6 million to $248.7 million. Overall, the company posted a net loss of $248.2 million (compared to a net loss of $288.5 million in the same period last year).
Sales for fiscal 2023 were $4.6 billion, the same level as 2022. Although the company reported growth in Europe and other global regions, lower sales primarily in North America negatively impacted the numbers. Additionally, operating expenses remained at the same level as the previous year. That said, interest income improved from $59 million to $168.4 million in the same year. Overall, the net loss decreased from $1.4 billion to $1.3 billion.
We expect the same trend to continue in the first quarter. Overall, we predict that snap revenue Projected to remain at approximately $5.23 billion in fiscal 2024. Additionally, SNAP’s earnings per share (RPS) could improve to $3.24. Combine this with a P/S multiple of 4.1x and you get a valuation of just over $13.
Return value | March 2024 MTD [1] |
2024 YTD [1] |
2017-24 total [2] |
snap return | 8% | -30% | -19% |
S&P500 return | 1% | 8% | 130% |
Trefis’ Enhanced Value Portfolio | 1% | 6% | 650% |
[1] Returns as of March 8, 2024
[2] Cumulative returns since the end of 2016
invest with Trefis Portfolio that beats the market
see all Trefis price quote
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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snap stock (NYSE: SNAP) is down about 30% year-to-date, compared to an 8% rise in the S&P 500 index over the same period. This decline was due to weaker performance in the fourth quarter of 2023, with below-par revenue and average revenue per user (ARPU). Still, stocks rose 6.2% yesterday, with most major tech stocks holding firm (Nasdaq up 2.1%). This comes after Federal Reserve Chairman Jerome Powell hinted at the possibility of lowering interest rates by the end of the year.Overall, Snap trades at its current price of just under $12, 10% below its fair value of just over $13 – Trefis estimates. Snap evaluation.In the current financial climate, SNAP stock has suffered a 75% plunge from the $50 level in early January 2021 to about $12 currently, while the S&P 500 index has fallen by about 35% over the past three years. %Rose. However, the decline in SNAP inventories has been far from consistent. The stock returned -6% in 2021, -81% in 2022, and 89% in 2023. In comparison, the S&P 500 returned 27% in 2021, -19% in 2022, and 24% in 2023.it shows that SNAP underperformed the S&P In 2021 and 2022. actual, Consistently outperforms the S&P 500 – Good times and bad times – In recent years, conditions have been difficult for individual stocks. Information technology sector stalwarts like MSFT, AAPL, and NVDA, as well as mega-sized companies like GOOG, TSLA, and AMZN. On the other hand, Trefis High Quality (HQ) Portfoliohas a collection of 30 stocks, Outperformed the S&P 500 every year over the same period. why is that? As a group, Headquarters portfolio stocks carried less risk and delivered better returns compared to the benchmark index.Definitely not a roller coaster ride Head Office Portfolio Performance Indicators. Given the current uncertain macroeconomic environment of high oil prices and rising interest rates, SNAP may face a similar situation in 2021 and 2022. Underperform the S&P Will it recover in the next 12 months?
The company recorded total revenue of $1.36 billion in the fourth quarter of 2023. This is a 5% year-over-year increase, primarily due to average daily active users (DAU) increasing by 10% year-on-year to 414 million. However, the positive impact of increased DAU was partially offset by his 5% decrease in ARPU (average revenue per user). On the cost side, operating loss for the quarter decreased from $287.6 million to $248.7 million. Overall, the company posted a net loss of $248.2 million (compared to a net loss of $288.5 million in the same period last year).Sales for fiscal 2023 were $4.6 billion, the same level as 2022. Although the company reported growth in Europe and other global regions, lower sales primarily in North America negatively impacted the numbers. Additionally, operating expenses remained at the same level as the previous year. That said, interest income improved from $59 million to $168.4 million in the same year. Overall, the net loss decreased from $1.4 billion to $1.3 billion.We expect the same trend to continue in the first quarter. Overall, we predict that snap revenue Projected to remain at approximately $5.23 billion in fiscal 2024. Additionally, SNAP’s earnings per share (RPS) could improve to $3.24. Combine this with a P/S multiple of 4.1x and you get a valuation of just over $13.
Return value
March 2024MTD [1]
2024YTD [1]
2017-24total [2]
snap return
8%
-30%
-19%
S&P500 return
1%
8%
130%
Trefis’ Enhanced Value Portfolio
1%
6%
650%
[1] Returns as of March 8, 2024[2] Cumulative returns since the end of 2016invest with Trefis Portfolio that beats the marketsee all Trefis price quote
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
https://www.nasdaq.com/articles/up-6-in-the-last-trading-session-where-is-snap-stock-headed Up 6% in the last trading session, where is Snap stock headed?