Snowflake (NYSE:SNOW – Get Free Report) 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 – Get Free Report) 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
Read Our Latest Analysis on Snowflake
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.
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