(NYSE: SNAP) posted its third-quarter earnings report on Oct. 24. The social media company's revenue rose 5% year over year to $1.19 billion and exceeded analysts' expectations by $80 million. Its adjusted earnings tumbled 75% to $0.02 per share but still beat the consensus forecast by $0.07 per share.

Snap cleared Wall Street's low bar, but its stock still slumped after the report and remains nearly 50% below its IPO price.

Should investors buy this beaten-down stock and bet on a recovery over the next 12 months?

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Source Fool.com