Published on 4 Apr 2024 on Zacks via Yahoo Finance
In the latest market close, Snowflake Inc. (SNOW) reached $151.34, with a -1.1% movement compared to the previous day. This change was narrower than the S&P 500's daily loss of 1.23%. At the same time, the Dow lost 1.36%, and the tech-heavy Nasdaq lost 1.4%.
The company's shares have seen a decrease of 8.37% over the last month, not keeping up with the Computer and Technology sector's gain of 2.32% and the S&P 500's gain of 1.61%.
The upcoming earnings release of Snowflake Inc. will be of great interest to investors. The company is forecasted to report an EPS of $0.16, showcasing a 6.67% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $786.98 million, up 26.2% from the prior-year quarter.