JUMP REPORT
Avg Daily Volume: 25,754,299 Market Cap: 18.59B
Sector: None Short Interest: None
EARNINGS EXPECTATIONS:
THIS QTR: EPS: -.10/share REV: 359.5/M
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LAST QTR: EPS: -.12/share ACTUAL: -.10/share (BEAT)
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NEXT QTR: EPS: -.08/share REV: 402.19/M
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FULL YR: EPS: -.30/share REV: 1,600/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 78% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -7.75, 29.11, -17.45
POTENTIAL JUMP MOVE: 15%
Links To Latest News and Headlines
Meta employees were told that the company will be implementing a hiring freeze and will be taking more steps to reduce costs.
(Bloomberg) — Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg outlined sweeping plans to reorganize teams and reduce headcount for the first time ever, calling an end to an era of rapid growth at the social media giant.In what would be the first major budget cut since the founding of Facebook in 2004, Zuckerberg said the company will freeze hiring and restructure some teams to trim expenses and realign priorities. Meta will likely be smaller in 2023 than it was this year, he saidHe
Recently, Zacks.com users have been paying close attention to Snap (SNAP). This makes it worthwhile to examine what the stock has in store.
The mean of analysts’ price targets for Snap (SNAP) points to a 36.6% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Snap Inc’s (NYSE: SNAP) head of luxury betted on augmented reality and other advanced video filters to showcase clothing and other branded products. “Every day, we have 250 million people engaging with augmented reality on our platform,” Geoffrey Perez said at the Bloomberg Technology Summit in London. “Not just to try dresses on, but also jewelery and makeup.” Snap works with retailers to develop tools that let customers try on clothing virtually. Also Read: Snap Stock Is Surging Again: What’s
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