Explore the latest developments concerning Is Snowflake (SNOW).
Is Snowflake (SNOW) a 'Buy' Ahead of Its Upcoming Earnings Announcement?
Cloud-based data provider Snowflake SNOW is set to report third-quarter earnings results on Wednesday after the closing bell. Snowflake, a Zacks Rank #3 (Hold), has handily outperformed the market year-to-date with a nearly 70% return. With the stock pulling back in recent weeks, is Snowflake a buy heading into the release?
Find the latest EPS estimates and surprises on Zacks Earnings Calendar.
Analysts are expecting SNOW to deliver quarterly earnings of 31 cents per share, which would reflect growth of 55% relative to the same quarter in the prior year. Estimates have remained steady over the past 60 days. Projected revenues of $1.18 billion would mark a 25% improvement versus the year-ago period.
Should You Buy, Sell, or Hold SNOW Stock Before Q3 Earnings Release?
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Snowflake Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Snowflake Inc. (NYSE:SNOW) will release earnings results for the third quarter after the closing bell on Wednesday, Dec. 3.
Analysts expect the Bozeman, Montana-based company to report quarterly earnings at 31 cents per share, up from 20 cents per share in the year-ago period. The consensus estimate for Snowflake's quarterly revenue is $1.18 billion, compared to $942.09 million a year earlier, according to data from Benzinga Pro.
Snowflake, last week, entered into a definitive agreement to acquire Select Star and its platform technology.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
For more detailed information, explore updates concerning Is Snowflake (SNOW).
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