When will the good times end for Snapchat?
The good times keeping rolling for Snapchat ($NYSE:SNAP), and it could continue. Analysts tracked by Zacks Investment Research are expecting EPS of -$0.18 per share, but the social media company's growth still has investors and analysts impressed. Every time we look at them through our datasets they continue to impress us, regardless of how the stock is doing. For instance, they've been on a hiring spree since the start of the year that has not lost any steam at all.
In February, there was a low of 108 job openings. Since then, it's been a 140% increase and its still climbing in October. Snapchat really wants more staff, but who are they hiring, exactly?
The answer is sales people! You can see on the timeline when it flips from engineers to sales, since Snap's sales are growing they would need more people.
All of this just adds onto the total number of employees, which is still going up after the massive spike around last summer.
Despite Twitter being a rival social media platform, Snapchat is still able to find new followers and tweet out some funny things. It's helpful they have such a cute ghost as the logo, he's a whole character now.
But what matters most to an app is, well, app data. And the average rating on reviews has improved over time, as has the amount of reviews on both the Google Play Store and the Apple App Store.
It's impressive stuff all around.
About the Data:
Thinknum tracks companies using information they post online - jobs, social and web traffic, product sales and app ratings - and creates data sets that measure factors like hiring, revenue and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales.