Snowflake (NYSE:SNOW – Get Free Report) will be announcing its earnings results after the market closes on Wednesday, August 21st. Analysts expect the company to announce earnings of $0.15 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.
Snowflake (NYSE:SNOW – Get Free Report) last released its quarterly earnings data on Wednesday, May 22nd. The company reported ($0.88) EPS for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.40). The business had revenue of $828.71 million during the quarter, compared to analysts’ expectations of $786.95 million. Snowflake had a negative net margin of 30.80% and a negative return on equity of 15.99%. On average, analysts expect Snowflake to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.
Snowflake Stock Up 2.7 %
Shares of SNOW opened at $131.44 on Tuesday. The company has a market capitalization of $44.01 billion, a price-to-earnings ratio of -46.94 and a beta of 0.85. Snowflake has a 52-week low of $107.93 and a 52-week high of $237.72. The stock has a 50 day moving average price of $130.01 and a 200 day moving average price of $156.34.
Insider Activity at Snowflake
Analysts Set New Price Targets
SNOW has been the topic of several research reports. KeyCorp raised their price objective on Snowflake from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, May 23rd. Oppenheimer reiterated an “outperform” rating and issued a $220.00 price objective on shares of Snowflake in a research note on Thursday, May 23rd. Wedbush restated a “neutral” rating and set a $210.00 target price on shares of Snowflake in a research report on Wednesday, June 5th. TD Cowen reduced their price target on shares of Snowflake from $230.00 to $180.00 and set a “buy” rating for the company in a research report on Monday. Finally, JMP Securities reissued a “market outperform” rating and set a $235.00 price objective on shares of Snowflake in a research report on Tuesday, June 4th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $190.41.
Read Our Latest Analysis on SNOW
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.
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