Snowflake (SNOW) Scheduled to Post Earnings on Wednesday

Snowflake (NYSE:SNOW) will be issuing its quarterly earnings data after the market closes on Wednesday, May 22nd. Analysts expect the company to announce earnings of $0.17 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Snowflake (NYSE:SNOW) last announced its earnings results on Wednesday, February 28th. The company reported ($0.44) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.05. Snowflake had a negative net margin of 29.79% and a negative return on equity of 13.79%. The firm had revenue of $774.70 million for the quarter, compared to analyst estimates of $759.86 million. On average, analysts expect Snowflake to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Snowflake Price Performance

Shares of NYSE SNOW opened at $164.73 on Tuesday. Snowflake has a 1 year low of $138.40 and a 1 year high of $237.72. The stock has a market cap of $55.05 billion, a P/E ratio of -64.60 and a beta of 0.90. The firm has a 50-day moving average of $157.09 and a 200 day moving average of $180.29.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Oppenheimer lowered their price target on shares of Snowflake from $240.00 to $220.00 and set an “outperform” rating for the company in a research report on Thursday, February 29th. Rosenblatt Securities raised shares of Snowflake from a “neutral” rating to a “buy” rating and set a $185.00 price target for the company in a research report on Friday, April 5th. Morgan Stanley reissued an “equal weight” rating and set a $175.00 price target (down from $230.00) on shares of Snowflake in a research report on Thursday, February 29th. StockNews.com raised shares of Snowflake from a “sell” rating to a “hold” rating in a research report on Thursday, May 16th. Finally, Guggenheim raised shares of Snowflake from a “sell” rating to a “neutral” rating in a report on Friday, March 15th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $201.69.

Insider Activity at Snowflake

In other Snowflake news, Director Mark D. Mclaughlin bought 3,030 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was bought at an average cost of $165.45 per share, for a total transaction of $501,313.50. Following the completion of the transaction, the director now owns 11,687 shares of the company’s stock, valued at approximately $1,933,614.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Benoit Dageville sold 689 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $161.42, for a total value of $111,218.38. Following the transaction, the insider now owns 70,665 shares of the company’s stock, valued at $11,406,744.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark D. Mclaughlin bought 3,030 shares of the stock in a transaction dated Wednesday, March 6th. The stock was bought at an average cost of $165.45 per share, for a total transaction of $501,313.50. Following the acquisition, the director now directly owns 11,687 shares of the company’s stock, valued at approximately $1,933,614.15. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 62,380 shares of company stock worth $9,803,625. 8.30% of the stock is owned by company insiders.

Snowflake Company Profile

Snowflake Inc provides a cloud-based data platform for various organizations in the United States and internationally. Its platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data and data products, as well as applies artificial intelligence (AI) for solving business problems.