First estimates: Snap presents balance sheet figures for the most recent quarter – finanzen.at

Snap’s Upcoming Financial Performance: Spoiler Alert, It’s Not a Rom-Com!

Ah, Snap Inc. The company that brought us the joys of fleeting photos and questionable filters—though let’s be honest, we’re all guilty of using those at least once, right? Now, it seems they’re about to have an even less glamorous moment: crunching the numbers for their upcoming balance sheet. Spoiler alert: it’s going to be a bit grim.

According to a baker’s dozen of analysts (and yes, I say “baker’s dozen” because I’m a fan of pastry, not because there’s actually thirteen of them), Snap is expected to reveal their financial results for the third quarter of 2024 on October 29, 2024. Are we supposed to sit tight until then? God help us all!

The Numbers Game: Losses and Gains

Let’s talk turkey: the anticipated loss per share stands at a cheerful -0.132 USD. Last year’s horror show revealed a loss of -0.230 USD per share. So, here we have some improvement! It’s like saying you’ve gone from eating an entire tub of Ben & Jerry’s to just half. Progress, right?

Moreover, a collective of 35 analysts have decided to roll the dice and predict a sales increase of a quite exorbitant 14.43 percent, hitting the magical number of 1.36 billion USD. Last year, they managed to pull in $1.19 billion. So, either people are really loving those filters, or they’ve planned a massive marketing blitz that may or may not include dancing cats.

Yearly Projections: Are We There Yet?

Looking at the longer view—our favorite pastime as we sit mildly horrified at how drastically consumer habits have changed—analysts are holding their breath in anticipation for the whole fiscal year. The mood is decidedly more pessimistic with an expected loss of -0.524 USD per share, down from last year’s -0.820 USD. If you ask me, it’s progress akin to deciding that a three-day hangover from last Tuesday’s bender isn’t as bad as last year’s week-long demise.

In terms of actual sales, these all-seeing analysts are estimating they’ll pull in somewhere around 5.35 billion USD this fiscal year, a step up from 4.61 billion USD last year. But, of course, that’s assuming they can keep their noses clean and marketing budget afloat.

Final Thoughts

So there you have it, folks! Snap’s upcoming statements—posing as messages of positivity but smack dab in the middle of a financial horror film. Is this the moment they turn it all around or just serve us another slice of “sorry, no good news here”? Either way, be sure to tune in to their financial results; it’ll be better than whatever box office flop is playing this October. Find your popcorn and brace yourselves—the numbers drops on October 29.

Editorial team finanzen.at

These are the experts’ estimates for the upcoming Snap balance sheet.

Snap is expected to comment on the financial results for the quarter ended September 30, 2024 on October 29, 2024.

On average, 33 analysts expect a loss per share of -0.132 USD. In the same quarter last year, the books had -0.230 USD per share.

A total of 35 analysts expect an average increase in sales of 14.43 percent to USD 1.36 billion. In the same quarter last year, Snap had sales of $1.19 billion.

Looking at the current fiscal year, 35 analysts on average expect a loss per share of -0.524 USD, compared to -0.820 USD in the previous year. In terms of sales, 38 analysts on average assume that a total of USD 5.35 billion will be generated in the current fiscal year, compared to USD 4.61 billion in the previous year.

Editorial team finanzen.at