Snowflake Estimates Point to Continued Revenue and EPS Growth
Consensus forecasts call for growth, while Snowflake’s recent quarter beat Zacks estimates for both revenue and earnings.
Key takeaways
- Snowflake returned 12.1% over the past month, according to Zacks.
- Zacks estimates show revenue growth forecasts for the current quarter and next two fiscal years.
Snowflake shares returned 12.1% over the past month, according to Zacks. The Zacks S&P 500 composite gained 2.4%, while the Zacks Internet - Software industry rose 9.2%.
Zacks consensus estimates put current-quarter earnings at $0.60 per share, up 71.4% year over year. That estimate was unchanged over the past 30 days. For the current fiscal year, the $2.21 estimate rose 2.5% in the past month; the next fiscal year’s $2.86 estimate was unchanged.
The current-quarter sales estimate is $1.65 billion, a 36.1% year-over-year increase. Zacks estimates sales of $6.3 billion for the current fiscal year and $8.04 billion for the next, up 34.5% and 27.6%, respectively.
In its last reported quarter, Snowflake posted $1.55 billion in revenue, up 35.1% year over year, and earnings of $0.62 per share, compared with $0.35 a year earlier. Revenue exceeded Zacks’ consensus estimate by 4.91%, and earnings beat it by 37.78%.
The company beat consensus earnings and revenue estimates in each of the past four quarters, according to Zacks.
This article was produced with the help of AI technology. Source: Yahoo Finance
