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The Zacks Analyst Blog Highlights: Snap, Texas Instruments and eBay

Zacks Equity Research
Snap (SNAP) first-quarter 2019 results benefit from growth in DAUs and user engagement levels owing to the company's innovation strategies.

For Immediate Release

Chicago, IL – April 24, 2019 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Snap Inc. SNAP, Texas Instruments TXN and eBay Inc. EBAY.

Here are highlights from Tuesday’s Analyst Blog:

Snap, T.I. and eBay in Q1 Earnings Beat Bonanza

Snap Inc. outperformed expectations in its Q1 earnings report Tuesday afternoon, with a 10-cent loss per share 2 cents stronger than anticipated. This marks 30+% growth from its bottom line in the year-ago quarter. Revenues of $320 million surpassed the $306.3 million analysts were looking for. It also represents 39% growth year over year, and accelerating from +36% growth the previous quarter.

Daily Active User (DAU) numbers also impressed Snap analysts, posting 190 million DAUs -- up from the 187 million expected and 186 million from the previous quarter. Average Revenue per User rose to $1.68 in Q1. Although earnings guidance for the full-year doesn't seem to share the benefits of these quarterly numbers; perhaps this is the reason SNAP shares rocketed up 12% upon the initial release, but have trimmed down to about 5% gains after hours at this stage.

Texas Instruments, a chip-maker with usage in a wide range of components, also outperformed estimates on both top and bottom lines after Tuesday's closing bell. The Zacks Rank #3 (Hold)-rated Semiconductor play posted $1.26 per share, better than the $1.13 in the Zacks consensus. Revenues surpassed expectations as well, with $3.59 billion outpacing the $3.48 billion estimated.

Beating earnings estimates is nothing new for Texas Instruments; the last quarterly miss for the company was back in Q1 of 2015. Improvements were bolstered by strong sales in Analog, and the company's forecast for Q2 earnings boosted to a range of $1.12-1.32 per share. TXN stock is up 4% on the news.

Zacks Rank #3-rated eBay Inc. reported 67 cents per share in its Q1 earnings release after Tuesday's close, up more than 20% year over year and better than the 63 cents expected. Revenues of $2.6 billion outdid the $2.58 billion in the Zacks consensus. The Internet retail staple generated $368 million in free cash flow for the quarter, while buying back $1.5 billion in stock and giving out $125 million in cash dividends to shareholders. Shares are up 5.66% after regular trading hours.

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