Published on 10 Apr 2024 on Zacks via Yahoo Finance
Snowflake Inc. (SNOW) Suffers a Larger Drop Than the General Market: Key Insights
The most recent trading session ended with Snowflake Inc. (SNOW) standing at $152.97, reflecting a -1.68% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily loss of 0.95%. At the same time, the Dow lost 1.09%, and the tech-heavy Nasdaq lost 0.84%.
Heading into today, shares of the company had lost 3.93% over the past month, lagging the Computer and Technology sector's gain of 1.67% and the S&P 500's gain of 1.78% in that time.
Market participants will be closely following the financial results of Snowflake Inc. in its upcoming release. In that report, analysts expect Snowflake Inc. to post earnings of $0.16 per share. This would mark year-over-year growth of 6.67%. Meanwhile, our latest consensus estimate is calling for revenue of $786.98 million, up 26.2% from the prior-year quarter.