Snowflake Inc. (SNOW) closed at $322.78 in the latest trading session, marking a -3% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 0.28%. Meanwhile, the Dow gained 0.26%, and the Nasdaq, a tech-heavy index, lost 0.77%.
The company's stock has climbed by 24.14% in the past month, exceeding the Computer and Technology sector's gain of 1.04% and the S&P 500's gain of 2.31%.
Investors will be eagerly watching for the performance of Snowflake Inc. in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on September 2, 2026. The company is forecasted to report an EPS of $0.45, showcasing a 28.57% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $1.47 billion, up 28.39% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.97 per share and a revenue of $6.07 billion, signifying shifts of +57.6% and +29.63%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Snowflake Inc. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 1.11% rise in the Zacks Consensus EPS estimate. Snowflake Inc. is holding a Zacks Rank of #2 (Buy) right now.
Looking at its valuation, Snowflake Inc. is holding a Forward P/E ratio of 168.92. This expresses a premium compared to the average Forward P/E of 20.99 of its industry.
One should further note that SNOW currently holds a PEG ratio of 6.42. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The average PEG ratio for the Internet - Software industry stood at 1.08 at the close of the market yesterday.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 75, which puts it in the top 31% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Snowflake Inc. (SNOW): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).