Snap (SNAP) Rises As Market Takes a Dip: Key Facts

Snap (SNAP) closed at $5.34, up 2.3% in the latest session, outperforming the broader market. The company is expected to report EPS of $0.16 (up 166.67% YoY) and quarterly revenue of $1.72 billion (up 14.33% YoY). Trading at a Forward P/E of 8.9 versus the industry average of 19.04, Snap appears undervalued. However, the stock holds a Zacks Rank of #3 (Hold) with steady consensus estimates over the past month.