Snap One (SNPO) Scheduled to Post Earnings on Tuesday

Snap One (NASDAQ:SNPO) is scheduled to release its earnings data after the market closes on Tuesday, May 7th. Analysts expect Snap One to post earnings of $0.08 per share for the quarter. Snap One has set its FY 2024 guidance at EPS.

Snap One (NASDAQ:SNPO) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.02. Snap One had a negative net margin of 2.01% and a positive return on equity of 2.77%. The business had revenue of $264.39 million during the quarter, compared to analyst estimates of $267.62 million. On average, analysts expect Snap One to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Snap One Price Performance

Shares of NASDAQ SNPO traded up $0.02 during midday trading on Tuesday, reaching $10.57. The company had a trading volume of 65,312 shares, compared to its average volume of 157,988. The firm’s fifty day moving average price is $8.85 and its 200-day moving average price is $8.42. The company has a current ratio of 2.40, a quick ratio of 0.79 and a debt-to-equity ratio of 0.65. Snap One has a one year low of $6.70 and a one year high of $12.06.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on SNPO shares. UBS Group dropped their price objective on Snap One from $14.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, February 27th. William Blair lowered shares of Snap One from an “outperform” rating to a “market perform” rating in a report on Monday, April 15th. Jefferies Financial Group restated a “hold” rating and issued a $10.75 price objective (up from $10.00) on shares of Snap One in a report on Tuesday, April 16th. Truist Financial reissued a “hold” rating and set a $10.75 price target (down from $12.00) on shares of Snap One in a research report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $10.75 price objective (down previously from $11.00) on shares of Snap One in a report on Tuesday, April 16th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $11.05.

Snap One Company Profile

Snap One Holdings Corp. provides smart-living solutions in the United States and internationally. The company offers end-to-end product and software ecosystem and technology-enabled workflow solutions. It also provides connected products, including networking, control and lighting, surveillance, and power products; entertainment products for indoor and outdoor solutions, such as media distribution products, as well as audio and video products; and infrastructure products, which include structured wiring and cable products, racks, and mounts.