Snowflake (SNOW) Scheduled to Post Earnings on Wednesday

Snowflake (NYSE:SNOWGet Free Report) is scheduled to be announcing its earnings results after the market closes on Wednesday, May 22nd. Analysts expect the company to announce earnings of $0.17 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Snowflake (NYSE:SNOWGet Free Report) last posted its earnings results on Wednesday, February 28th. The company reported ($0.44) earnings per share for the quarter, topping 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

SNOW opened at $161.86 on Monday. Snowflake has a fifty-two week low of $138.40 and a fifty-two week high of $237.72. The firm has a market capitalization of $54.09 billion, a price-to-earnings ratio of -63.47 and a beta of 0.90. The company’s 50 day moving average price is $157.04 and its two-hundred day moving average price is $180.14.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. BNP Paribas upgraded shares of Snowflake from a “neutral” rating to an “outperform” rating and set a $200.00 price target on the stock in a research report on Thursday, May 2nd. Citigroup dropped their price target on shares of Snowflake from $290.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, March 4th. Royal Bank of Canada dropped their price target on shares of Snowflake from $255.00 to $246.00 and set an “outperform” rating on the stock in a research report on Thursday, February 29th. JPMorgan Chase & Co. dropped their price target on shares of Snowflake from $200.00 to $170.00 and set an “overweight” rating on the stock in a research report on Thursday, February 29th. Finally, Oppenheimer dropped their price target on shares of Snowflake from $240.00 to $220.00 and set an “outperform” rating on the stock in a research report on Thursday, February 29th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat.com, Snowflake currently has an average rating of “Moderate Buy” and an average target price of $202.43.

View Our Latest Report on Snowflake

Insider Activity at Snowflake

In other Snowflake news, Director Mark D. Mclaughlin purchased 3,030 shares of Snowflake stock in a transaction on Wednesday, March 6th. The shares were acquired 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 directly owns 11,687 shares of the company’s stock, valued at $1,933,614.15. The purchase was disclosed in a filing with the SEC, which is available at this link. In other news, insider Benoit Dageville sold 689 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $11,406,744.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark D. Mclaughlin purchased 3,030 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was acquired at an average cost of $165.45 per share, with a total value of $501,313.50. Following the purchase, the director now directly owns 11,687 shares of the company’s stock, valued at $1,933,614.15. The disclosure for this purchase can be found here. Insiders have sold 62,380 shares of company stock valued at $9,803,625 over the last three months. 8.30% of the stock is owned by corporate insiders.

About Snowflake

(Get Free Report)

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.

Further Reading

Earnings History for Snowflake (NYSE:SNOW)

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