We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Here's Why Snowflake Inc. (SNOW) Fell More Than Broader Market
Read MoreHide Full Article
The most recent trading session ended with Snowflake Inc. (SNOW - Free Report) standing at $195.62, reflecting a -0.9% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily loss of 0.07%.
The the stock of company has risen by 0.43% in the past month, lagging the Computer and Technology sector's gain of 2.5% and the S&P 500's gain of 3.98%.
The investment community will be paying close attention to the earnings performance of Snowflake Inc. in its upcoming release. In that report, analysts expect Snowflake Inc. to post earnings of $0.17 per share. This would mark year-over-year growth of 21.43%. Alongside, our most recent consensus estimate is anticipating revenue of $757.98 million, indicating a 28.69% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.79 per share and revenue of $2.79 billion. These totals would mark changes of +216% and +35.05%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Snowflake Inc. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Snowflake Inc. presently features a Zacks Rank of #3 (Hold).
With respect to valuation, Snowflake Inc. is currently being traded at a Forward P/E ratio of 250.85. This represents a premium compared to its industry's average Forward P/E of 35.52.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 30, positioning it in the top 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Here's Why Snowflake Inc. (SNOW) Fell More Than Broader Market
The most recent trading session ended with Snowflake Inc. (SNOW - Free Report) standing at $195.62, reflecting a -0.9% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily loss of 0.07%.
The the stock of company has risen by 0.43% in the past month, lagging the Computer and Technology sector's gain of 2.5% and the S&P 500's gain of 3.98%.
The investment community will be paying close attention to the earnings performance of Snowflake Inc. in its upcoming release. In that report, analysts expect Snowflake Inc. to post earnings of $0.17 per share. This would mark year-over-year growth of 21.43%. Alongside, our most recent consensus estimate is anticipating revenue of $757.98 million, indicating a 28.69% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.79 per share and revenue of $2.79 billion. These totals would mark changes of +216% and +35.05%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Snowflake Inc. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Snowflake Inc. presently features a Zacks Rank of #3 (Hold).
With respect to valuation, Snowflake Inc. is currently being traded at a Forward P/E ratio of 250.85. This represents a premium compared to its industry's average Forward P/E of 35.52.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 30, positioning it in the top 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.