Snowflake Gears Up For Q4 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Snowflake Inc. (NYSE:SNOW) is anticipated to release its Q4 earnings on Feb. 28, 2024, with analysts expecting an increase in earnings per share from 14 cents to 18 cents year-over-year, and a revenue projection of $759.1 million, up from $589.01 million. The company previously reported a 32% year-over-year revenue increase in Q3. Ahead of the earnings call, analysts from Citigroup, UBS, Needham, Barclays, and Piper Sandler have revised their ratings and price targets for Snowflake, reflecting a mix of optimism and caution.
February 28, 2024 | 3:13 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Snowflake Inc. is expected to report increased Q4 earnings and revenue. Analysts have revised their forecasts, indicating a positive outlook on the company's financial performance.
The anticipation of increased earnings and revenue for Snowflake's Q4, along with positive revisions from analysts, suggests a bullish outlook for the stock in the short term. Analysts' adjustments in ratings and price targets reflect confidence in the company's performance, potentially influencing investor sentiment and stock price positively.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100