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Why the Market Dipped But Snowflake Inc. (SNOW) Gained Today
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In the latest close session, Snowflake Inc. (SNOW - Free Report) was up +1.59% at $295.76. This change outpaced the S&P 500's 0.38% loss on the day. At the same time, the Dow lost 0.3%, and the tech-heavy Nasdaq lost 0.74%.
Shares of the company witnessed a loss of 19.21% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 13.13%, and the S&P 500's loss of 3.31%.
Market participants will be closely following the financial results of Snowflake Inc. in its upcoming release. The company plans to announce its earnings on December 2, 2026. The company is predicted to post an EPS of $0.6, indicating a 71.43% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $1.65 billion, showing a 36.08% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.23 per share and a revenue of $6.3 billion, representing changes of +78.4% and +34.52%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Snowflake Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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. currently has a Zacks Rank of #2 (Buy).
Investors should also note Snowflake Inc.'s current valuation metrics, including its Forward P/E ratio of 130.83. This valuation marks a premium compared to its industry average Forward P/E of 20.59.
It's also important to note that SNOW currently trades at a PEG ratio of 4.34. 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. As of the close of trade yesterday, the Internet - Software industry held an average PEG ratio of 1.3.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 88, this industry ranks in the top 36% of all industries, numbering over 250.
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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Why the Market Dipped But Snowflake Inc. (SNOW) Gained Today
In the latest close session, Snowflake Inc. (SNOW - Free Report) was up +1.59% at $295.76. This change outpaced the S&P 500's 0.38% loss on the day. At the same time, the Dow lost 0.3%, and the tech-heavy Nasdaq lost 0.74%.
Shares of the company witnessed a loss of 19.21% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 13.13%, and the S&P 500's loss of 3.31%.
Market participants will be closely following the financial results of Snowflake Inc. in its upcoming release. The company plans to announce its earnings on December 2, 2026. The company is predicted to post an EPS of $0.6, indicating a 71.43% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $1.65 billion, showing a 36.08% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.23 per share and a revenue of $6.3 billion, representing changes of +78.4% and +34.52%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Snowflake Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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. currently has a Zacks Rank of #2 (Buy).
Investors should also note Snowflake Inc.'s current valuation metrics, including its Forward P/E ratio of 130.83. This valuation marks a premium compared to its industry average Forward P/E of 20.59.
It's also important to note that SNOW currently trades at a PEG ratio of 4.34. 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. As of the close of trade yesterday, the Internet - Software industry held an average PEG ratio of 1.3.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 88, this industry ranks in the top 36% of all industries, numbering over 250.
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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.