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Snowflake Inc. (SNOW) Stock Falls Amid Market Uptick: What Investors Need to Know
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In the latest trading session, Snowflake Inc. (SNOW - Free Report) closed at $151.09, marking a -0.59% move from the previous day. This move lagged the S&P 500's daily gain of 0.03%. On the other hand, the Dow registered a gain of 0.41%, and the technology-centric Nasdaq increased by 0.12%.
Heading into today, shares of the company had lost 2.77% over the past month, lagging the Computer and Technology sector's loss of 0.55% and the S&P 500's loss of 0.9% in that time.
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 $0.16 per share. This would mark year-over-year growth of 6.67%. In the meantime, our current consensus estimate forecasts the revenue to be $786.95 million, indicating a 26.2% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.85 per share and revenue of $3.38 billion. These totals would mark changes of -13.27% and +20.44%, respectively, from last year.
Investors should also pay attention to any latest changes in 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.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Snowflake Inc. presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Snowflake Inc. is presently being traded at a Forward P/E ratio of 178.8. This indicates a premium in contrast to its industry's Forward P/E of 27.33.
Investors should also note that SNOW has a PEG ratio of 10.46 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Internet - Software industry had an average PEG ratio of 1.79 as trading concluded yesterday.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 47, placing it within the top 19% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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.
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Snowflake Inc. (SNOW) Stock Falls Amid Market Uptick: What Investors Need to Know
In the latest trading session, Snowflake Inc. (SNOW - Free Report) closed at $151.09, marking a -0.59% move from the previous day. This move lagged the S&P 500's daily gain of 0.03%. On the other hand, the Dow registered a gain of 0.41%, and the technology-centric Nasdaq increased by 0.12%.
Heading into today, shares of the company had lost 2.77% over the past month, lagging the Computer and Technology sector's loss of 0.55% and the S&P 500's loss of 0.9% in that time.
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 $0.16 per share. This would mark year-over-year growth of 6.67%. In the meantime, our current consensus estimate forecasts the revenue to be $786.95 million, indicating a 26.2% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.85 per share and revenue of $3.38 billion. These totals would mark changes of -13.27% and +20.44%, respectively, from last year.
Investors should also pay attention to any latest changes in 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.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Snowflake Inc. presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Snowflake Inc. is presently being traded at a Forward P/E ratio of 178.8. This indicates a premium in contrast to its industry's Forward P/E of 27.33.
Investors should also note that SNOW has a PEG ratio of 10.46 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Internet - Software industry had an average PEG ratio of 1.79 as trading concluded yesterday.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 47, placing it within the top 19% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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.