SNAP earnings are being released on Apr 21st, 2022 with an estimate of -0.17 EPS. They are reporting earnings after market close.
Based on historical trends SNAP has a 57.14% chance of beating earnings. This should be viewed with the associated guidance set out by the company and what analysts think about the potential for SNAP to beat earnings.
I also took a look at analyst ratings and recent insider buying and selling, which tells a bit of a different story, so I'm leaning towards a miss for SNAP
Deutsche Bank just released their rating for SNAP. As of Mar 10th, 2022 Deutsche Bank rates SNAP as a buy, compared to their previous rating of hold for SNAP. Here is the current analyst rating distribution for SNAP. In total there are 27 SNAP analyst ratings.
Analyst Ratings have provided relatively strong indicators of future price movement, which is why they are used to determine a SNAP stock forecast. However, this shouldn't be the only factor when determining whether to invest in Snap Inc., I would use Analyst Ratings as a datapoint along with other fundamental indicators and investment metrics.
This is recent selling by the management of SNAP - the number of shares isn't huge but the timing is interesting with earning being released later today
If you're not familiar with SEC Form 4 filings, Form 4 is required to be filed by a company or the individual at the company when there is a change in the holdings of company insiders. Form 4 must be filed with the SEC within two days of the transaction.
The buying or selling of the shares is often referred to as insider buying or selling. The reason this is a big deal is insiders have a real understanding of the internal goings-on inside the company, and they may have information that would allow them to take advantage of that information for their own profit.
Let's take a close look at this recent filing to see if there are any useful insights.
Fundamentals of Tracking Insider Buying:
The insider selling timing is somewhat concerning, even if the number of shares sold isn't huge. I also think it's interesting that a few analysts have upgraded their view of SNAP to a Buy in the recent months, maybe due to the current price being near the52 week low. From a macro perspective, we have seen sure growth across platforms fall substantially over the last few months, and I think SNAP will run into the same issues.