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SNAP

Snap

$12.03

0.5 (4.34%)

16:11
04/23/19
04/23
16:11
04/23/19
16:11

Snap reports Q1 adjusted EPS (10c), consensus (12c)

Reports Q1 revenue $320.43M, consensus $306.48M. DAUs were 190 million in Q1 2019, compared to 186 million in Q4 2018 and 191 million in Q1 2018. As of March, Snapchat reaches 90% of all 13-24 year-olds and 75% of all 13-34 year-olds in the U.S. "In the first quarter we delivered strong results across our business with growth in daily active users and revenue," said Evan Spiegel, CEO. "Our new Android application is available to everyone, with promising early results. This month we announced several new products that we believe will drive further engagement and monetization. As we look towards the future, we see many opportunities to increase our investments, and will continue to manage our business for long-term growth."

  • 23

    Apr

SNAP Snap
$12.03

0.5 (4.34%)

04/18/19
VERF
04/18/19
DOWNGRADE
VERF
Sell
Snap downgraded to Negative from Mixed at Vertical Group
Vertical Group downgraded Snap to Negative citing slowing spending growth, stagnant ROI, and lower inventory.
04/18/19
04/18/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Morgan Stanley (MS) downgraded to Neutral from Buy at Citi with analyst Keith Horowitz saying Morgan Stanley reported "strong" Q1 results but the shares are fairly valued. 2. Snap (SNAP) downgraded to Negative from Mixed at Vertical Group and to Neutral from Outperform at Wedbush. 3. Rite Aid (RAD) downgraded with a Sell from Neutral at Guggenheim while Walgreens Boots Alliance (WBA) was downgraded with a Neutral from Buy. 4. CF Industries (CF) downgraded to Underperform from Buy at BofA/Merrill with analyst Steve Byrne saying he has spoken with 10 key channel contacts in the Cornbelt and several commented that never in their 30-plus year careers have they seen fertilizer applications this far behind, mainly due to the weather. 5. FMC Corporation (FMC) downgraded to Sector Perform from Outperform at RBC Capital with analyst Arun Viswanathan citing the "uncertainty of Rynaxypyr and Cyazypyr patent expiration" as well as the reduced multiple from the recent lithium separation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/22/19
JEFF
04/22/19
NO CHANGE
JEFF
Jefferies still prefers Facebook in social, calls Twitter 'reasonably valued'
Social stocks have outperformed year-to-date, up ~55% versus the Nasdaq's rally of 20%, with Snap (SNAP) being the top performer up 120% after lagging the group in 2018, Jefferies analyst Brent Thill tells investors in a research note. The analyst continues to prefer share of Facebook (FB) in social with a Buy rating and $200 price target. He sees upside in average revenue per user and operating expenditure growth. Meanwhile, Thill is "incrementally positive" on Snap's "encouraging momentum," but says the company is "not out of the woods yet." If Snap can deliver on daily active user growth in Q1 it should be a catalyst for shares, however with the stock trading at nine-times 2019, these improvements are largely priced in, Thill tells investors in a pre-earnings research note. And while the analyst remains "fundamental fans" of Twitter, he views the stock as "reasonably valued." Further, Twitter faces tough comps for international in the first half of 2019 and for the U.S. in the second half of the year, Thill points out.
04/23/19
FBCO
04/23/19
NO CHANGE
Target $13
FBCO
Outperform
Snap price target raised to $13 from $10.50 at Credit Suisse
Credit Suisse analyst Stephen Ju raised his price target for Snap to $13 from $10.50 ahead of quarterly results. The analyst notes that the company recently released an updated version of its Android App, which will place it in a better position to address user demand across the globe. Ju now expects 3M incremental users for 2019 versus 1.5M decrease previously. He reiterates an Outperform rating on the shares based on potential for better-than-expected user growth with a revamped Android app, advertising revenue growth acceleration by the second half of the year, and Snap being a scarce asset that offers advertisers access to a coveted younger demographic.

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UBS

UBS

$10.64

0.165 (1.58%)

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Altria Group

$46.57

0.32 (0.69%)

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LB

L Brands

$19.33

-0.72 (-3.59%)

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ORCL

Oracle

$53.18

-0.08 (-0.15%)

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FB

Facebook

$182.08

-1.48 (-0.81%)

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TSLA

Tesla

$222.07

1.18 (0.53%)

, PCRFY

Panasonic

$0.00

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Tesla

$222.07

1.18 (0.53%)

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  • 09

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PDS

Precision Drilling

$1.13

-0.02 (-1.74%)

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Precision Drilling announces approval of normal course issuer bid »

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PVTL

Pivotal Software

$13.69

0.01 (0.07%)

, VMW

VMware

$148.15

0.11 (0.07%)

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Pivotal Software, VMware rating change  »

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Pivotal Software

$13.69

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VMware

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PACW

PacWest Bancorp

$33.83

0.56 (1.68%)

06:05
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06:05
Initiation
PacWest Bancorp initiated  »

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  • 23

    Sep

CAAP

Corporacion America Airport

$5.81

0.295 (5.35%)

06:04
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Corporacion America Airport reports Q2 passenger traffic up 3.8% y/y »

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  • 23

    Aug

NVS

Novartis

$88.97

-1.23 (-1.36%)

06:04
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FDA zeroes in on Novartis delay in reporting data manipulation, WSJ reports »

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  • 03

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  • 25

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CAAP

Corporacion America Airport

$5.81

0.295 (5.35%)

06:03
08/23/19
08/23
06:03
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06:03
Earnings
Corporacion America Airport reports Q2 EPS 31c, may not compare consensus (10c) »

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  • 23

    Aug

QFIN

360 Finance

$10.65

0.05 (0.47%)

06:03
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360 Finance CEO Jun Xu resigns, Haisheng Wu named successor »

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  • 23

    Aug

TGI

Triumph Group

$22.70

0.19 (0.84%)

06:00
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06:00
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Triumph Group rating change  »

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DB

Deutsche Bank

$7.17

0.155 (2.21%)

, BNPQY

BNP Paribas

$0.00

(0.00%)

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DB

Deutsche Bank

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0.155 (2.21%)

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BNP Paribas

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MO

Altria Group

$46.57

0.32 (0.69%)

05:57
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AMZN

Amazon.com

$1,804.00

-19.19 (-1.05%)

05:52
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  • 27

    Oct

OXY

Occidental Petroleum

$44.69

-0.35 (-0.78%)

05:49
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  • 27

    Aug

LZB

La-Z-Boy

$31.52

1.48 (4.93%)

05:45
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05:45
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La-Z-Boy rating change  »

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  • 27

    Aug

HPQ

HP Inc.

$18.91

-0.04 (-0.21%)

05:45
08/23/19
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05:45
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HP Inc. rating change at Evercore ISI »

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  • 10

    Sep

HCM

Hutchison China MediTech

$20.53

0.13 (0.64%)

05:34
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  • 09

    Sep

SMSEY

Samsonite International

$0.00

(0.00%)

04:55
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  • 23

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SERV

ServiceMaster

$58.21

0.37 (0.64%)

04:55
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URBN

Urban Outfitters

$23.91

1.53 (6.84%)

04:55
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