Snowflake (SNOW) to Put up This fall Earnings: What’s within the Offing? – February 27, 2023

Snowflake (SNOW Free Report) is about to report its fourth-quarter fiscal 2023 outcomes on Mar 1.

The Zacks Consensus Estimate for the highest line is pegged at $571.57 million, suggesting year-over-year development of 48.94%.

The consensus mark for the underside line is pegged at earnings of three cents per share, unchanged over the previous 30 days, narrower than the lack of 12 cents reported within the year-ago quarter.

Snowflake’s earnings beat the Zacks Consensus Estimate in all of the trailing 4 quarters, the typical shock being 229.17%.

Let’s see how issues have formed up earlier than this announcement.

Elements to Observe

Snowflake’s fiscal fourth-quarter outcomes are anticipated to mirror positive aspects from an increasing clientele and robust associate base.

The corporate reported 34% year-over-year development within the variety of prospects, reaching 7,292 within the earlier quarter. It added 28 Forbes International 2000 prospects within the prior quarter.

Snowflake signed 14 prospects with $1 million in trailing 12-month product revenues within the earlier quarter.

It had 287 prospects (with greater than $1 million in product revenues), up 94% yr over yr, within the fiscal third quarter.

Snowflake has additionally been benefiting from a powerful associate base that features the likes of Amazon, Cognizant and Dell Applied sciences.

What Our Mannequin Signifies

Per the Zacks mannequin, the mixture of a optimistic Earnings ESP and a Zacks Rank #1 (Sturdy Purchase), 2 (Purchase) or 3 (Maintain) will increase the percentages of an earnings beat. However that’s not the case right here.

Snowflake has an Earnings ESP of 0.00% and a Zacks Rank #2. You’ll be able to uncover the perfect shares to purchase or promote earlier than they’re reported with our Earnings ESP Filter.

Shares to Contemplate

Listed here are a number of firms price contemplating, as our mannequin reveals that these have the correct mixture of parts to beat on earnings of their upcoming releases:

Splunk (SPLK Free Report) has an Earnings ESP of +0.39% and carries a Zacks Rank #2. You’ll be able to see the whole checklist of immediately’s Zacks #1 Rank shares right here.

Splunk is prone to launch its fourth-quarter fiscal 2023 outcomes on Mar 1. SPLK shares have declined 13.7% prior to now yr in contrast with the Zacks Pc & Know-how sector’s decline of 19.8%.

AMC Leisure (AMC Free Report) at the moment has an Earnings ESP of +8.86% and a Zacks Rank #3.

AMC shares have misplaced 67.1% prior to now yr. AMC Leisure is about to report its fourth-quarter 2022 outcomes on Feb 28.

CrowdStrike (CRWD Free Report) has an Earnings ESP of +2.33% and a Zacks Rank #3.

CRWD shares have declined 39.9% prior to now yr. CrowdStrike is about to report its fourth-quarter fiscal 2023 outcomes on Mar 7.

Keep on high of upcoming earnings bulletins with the Zacks Earnings Calendar.

5 Shares Set to Double

Every was handpicked by a Zacks professional because the #1 favourite inventory to achieve +100% or extra in 2021. Earlier suggestions have soared +143.0%, +175.9%, +498.3% and +673.0%.

Many of the shares on this report are flying beneath Wall Avenue radar, which offers an amazing alternative to get in on the bottom flooring.

Right this moment, See These 5 Potential Residence Runs >>

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