Snowflake Inc reports results for the quarter ended in July - Earnings Summary
Snowflake Inc SNOW.N reported quarterly adjusted earnings of 18 cents per share for the quarter ended in July, lower than the same quarter last year, when the company reported EPS of 22 cents. The mean expectation of thirty six analysts for the quarter was for earnings of 16 cents per share. Wall Street expected results to range from 11 cents to 29 cents per share.
Revenue rose 28.9% to $868.82 million from a year ago; analysts expected $851.30 million.
Snowflake Inc's reported EPS for the quarter was a loss of 95 cents.
The company reported a quarterly loss of $316.9 million.
Snowflake Inc shares had fallen by 2.3% this quarter and lost 33.7% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 15.3% in the last three months.
In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 30 "strong buy" or "buy," 12 "hold" and 2 "sell" or "strong sell."
The average consensus recommendation for the it services & consulting peer group is also "buy"
Wall Street's median 12-month price target for Snowflake Inc is $180.00
This summary was machine generated from LSEG data August 21 at 11:00 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jul. 31 2024 | 0.16 | 0.18 | Beat |
Apr. 30 2024 | 0.18 | 0.14 | Missed |
Jan. 31 2024 | 0.18 | 0.35 | Beat |
Oct. 31 2023 | 0.16 | 0.25 | Beat |
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