Published on 28 Mar 2024 on Zacks via Yahoo Finance
Snowflake Inc. (SNOW) closed at $161.60 in the latest trading session, marking a +0.97% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.11%. Elsewhere, the Dow gained 0.12%, while the tech-heavy Nasdaq lost 0.12%.
The the stock of company has fallen by 30.42% in the past month, lagging the Computer and Technology sector's gain of 3.59% and the S&P 500's gain of 3.55%.
The investment community will be paying close attention to the earnings performance of Snowflake Inc. in its upcoming release. 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. In the meantime, our current consensus estimate forecasts the revenue to be $786.98 million, indicating a 26.2% growth compared to the corresponding quarter of the prior year.