Snapchat (SNAP) reported their 4th quarter earnings for 2022 yesterday, and once again came in under expectations. It appears the rumors of growing headwinds we discussed back in December of last year are proving to be true. SNAP reported an EPS of 14 cents which outperformed the expectation of 11 cents - but the [...]
Monday morning saw the negative price trend for SNAP stock continue to strengthen, as shares fell an additional 3.5% by 11 AM EST. This came after Jeffries analyst James Heany joined Yahoo Finance to discuss the future for Snapchat - where he issued a grave warning to investors. We are nowhere near the bottom. [...]
While Snapchat is set to declare 3rd quarter earnings this Thursday, investors and analysts alike are already preparing for the worst. In fact, one analyst out of Deutsche Bank has gone on the record saying he sees very limited upside potential in SNAP stock. Benjamin Black was quoted as saying “We think near and [...]
