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Snowflake (SNOW) to Report Q1 Earnings: What's in the Cards?
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Snowflake (SNOW - Free Report) is set to release first-quarter fiscal 2021 results on May 26.
For the quarter, the company expects revenues between $195 million and $200 million.
The Zacks Consensus Estimate for the top line is currently pegged at $210.7 million. Moreover, the consensus mark for loss has been unchanged at 16 cents per share over the past 30 days.
Snowflake’s first-quarter fiscal 2022 results are expected to have benefited from the ongoing transition from cloud-based repositories and on-premises data centers to the Data Cloud.
The company’s to-be-reported quarter’s results are expected to have benefited from strong adoption of its Data Cloud platform. Moreover, growing exposure to the data warehousing market and an expanding enterprise customer base are expected to have driven top-line growth.
At the end of the fourth quarter, the company had 4,139 customers, increasing from 3,554 customers at the end of the previous quarter. Moreover, number of customers with more than $1 million in trailing 12 months’ product revenues increased to 77, up from 65 in the previous quarter. The momentum is expected to have continued in the to-be-reported quarter.
What Our Model Indicates
Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
Snowflake has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are some companies worth considering as our model shows that these have the right combination of elements to beat on earnings this reporting cycle:
Pure Storage (PSTG - Free Report) has an Earnings ESP of +10.81% and is #3 Ranked.
Vail Resorts (MTN - Free Report) has an Earnings ESP of +2.46% and a Zacks Rank #3.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.
Image: Bigstock
Snowflake (SNOW) to Report Q1 Earnings: What's in the Cards?
Snowflake (SNOW - Free Report) is set to release first-quarter fiscal 2021 results on May 26.
For the quarter, the company expects revenues between $195 million and $200 million.
The Zacks Consensus Estimate for the top line is currently pegged at $210.7 million. Moreover, the consensus mark for loss has been unchanged at 16 cents per share over the past 30 days.
Snowflake’s first-quarter fiscal 2022 results are expected to have benefited from the ongoing transition from cloud-based repositories and on-premises data centers to the Data Cloud.
Snowflake Inc. Price and EPS Surprise
Snowflake Inc. price-eps-surprise | Snowflake Inc. Quote
The company’s to-be-reported quarter’s results are expected to have benefited from strong adoption of its Data Cloud platform. Moreover, growing exposure to the data warehousing market and an expanding enterprise customer base are expected to have driven top-line growth.
At the end of the fourth quarter, the company had 4,139 customers, increasing from 3,554 customers at the end of the previous quarter. Moreover, number of customers with more than $1 million in trailing 12 months’ product revenues increased to 77, up from 65 in the previous quarter. The momentum is expected to have continued in the to-be-reported quarter.
What Our Model Indicates
Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
Snowflake has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are some companies worth considering as our model shows that these have the right combination of elements to beat on earnings this reporting cycle:
Digital Turbine (APPS - Free Report) has an Earnings ESP of +6.98% and a Zacks Rank of 1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Pure Storage (PSTG - Free Report) has an Earnings ESP of +10.81% and is #3 Ranked.
Vail Resorts (MTN - Free Report) has an Earnings ESP of +2.46% and a Zacks Rank #3.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.
Click here for the 4 trades >>