Snap Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Snap Inc. SNAP will release earnings results for the first quarter, after the closing bell on Tuesday, April 29.

Analysts expect the Santa Monica, California-based company to report quarterly earnings at 4 cents per share, up from 3 cents per share in the year-ago period. Snap projects to report quarterly revenue at $1.35 billion, compared to $1.19 billion a year earlier, according to data from Benzinga Pro.

On Feb. 4, Snap reported quarterly earnings of 16 cents per share, which beat the analyst consensus estimate of 14 cents. Quarterly revenue came in at $1.55 billion, which beat the analyst consensus estimate of $1.54 billion and is an increase over revenue of $1.36 billion from the same period last year.

Snap shares rose 3.4% to close at $8.83 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Stifel analyst Mark Kelley maintained a Hold rating and cut the price target from $11 to $8 on April 23, 2025. This analyst has an accuracy rate of 83%.
• Morgan Stanley analyst Brian Nowak maintained an Equal-Weight rating and slashed the price target from $10 to $8 on April 17, 2025. This analyst has an accuracy rate of 68%.
• Canaccord Genuity analyst Maria Ripps maintained a Hold rating and slashed the price target from $13 to $10 on April 17, 2025. This analyst has an accuracy rate of 70%.
• Citigroup analyst Ronald Josey maintained a Neutral rating and cut the price target from $13.5 to $9 on April 14, 2025. This analyst has an accuracy rate of 70%.
• Goldman Sachs analyst Eric Sheridan maintained a Neutral rating and cut the price target from $13.5 to $9.5 on April 14, 2025. This analyst has an accuracy rate of 78%.

Considering buying SNAP stock? Here’s what analysts think: