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Snowflake Inc. (SNOW) Stock Dips While Market Gains: Key Facts
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Snowflake Inc. (SNOW - Free Report) ended the recent trading session at $136.41, demonstrating a -3.41% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 1.02%. Meanwhile, the Dow experienced a rise of 1.62%, and the technology-dominated Nasdaq saw an increase of 0.89%.
The company's shares have seen a decrease of 7.77% over the last month, not keeping up with the Computer and Technology sector's gain of 20.71% and the S&P 500's gain of 12.23%.
Investors will be eagerly watching for the performance of Snowflake Inc. in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.32, reflecting a 33.33% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $1.32 billion, up 26.85% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.81 per share and revenue of $5.91 billion. These totals would mark changes of +44.8% and +26.07%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Snowflake Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Right now, Snowflake Inc. possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Snowflake Inc. is presently being traded at a Forward P/E ratio of 78.14. For comparison, its industry has an average Forward P/E of 18.9, which means Snowflake Inc. is trading at a premium to the group.
One should further note that SNOW currently holds a PEG ratio of 3.57. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Internet - Software industry had an average PEG ratio of 1.07 as trading concluded yesterday.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 72, putting it in the top 30% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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 Dips While Market Gains: Key Facts
Snowflake Inc. (SNOW - Free Report) ended the recent trading session at $136.41, demonstrating a -3.41% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 1.02%. Meanwhile, the Dow experienced a rise of 1.62%, and the technology-dominated Nasdaq saw an increase of 0.89%.
The company's shares have seen a decrease of 7.77% over the last month, not keeping up with the Computer and Technology sector's gain of 20.71% and the S&P 500's gain of 12.23%.
Investors will be eagerly watching for the performance of Snowflake Inc. in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.32, reflecting a 33.33% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $1.32 billion, up 26.85% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.81 per share and revenue of $5.91 billion. These totals would mark changes of +44.8% and +26.07%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Snowflake Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Right now, Snowflake Inc. possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Snowflake Inc. is presently being traded at a Forward P/E ratio of 78.14. For comparison, its industry has an average Forward P/E of 18.9, which means Snowflake Inc. is trading at a premium to the group.
One should further note that SNOW currently holds a PEG ratio of 3.57. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Internet - Software industry had an average PEG ratio of 1.07 as trading concluded yesterday.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 72, putting it in the top 30% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.