What's Going On With Snowflake Stock Monday?
Portfolio Pulse from Dylan Berman
Snowflake Inc. (NYSE:SNOW) shares are trending as the company is set to release its earnings next week. Analysts estimate an EPS of 16 cents and revenue of $849.70 million. Snowflake has a strong track record of beating revenue estimates but has missed EPS estimates in the past. Additionally, Snowflake has partnered with TransUnion (NYSE:TRU) to bring TruIQ Data Enrichment to Snowflake Marketplace.
August 12, 2024 | 3:36 pm
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Snowflake is set to release its earnings next week with analysts estimating an EPS of 16 cents and revenue of $849.70 million. The company has a strong track record of beating revenue estimates but has missed EPS estimates in the past. Additionally, Snowflake has partnered with TransUnion to bring TruIQ Data Enrichment to Snowflake Marketplace.
The upcoming earnings release and the new partnership with TransUnion are likely to impact Snowflake's stock positively. The company's strong track record of beating revenue estimates and the strategic partnership could boost investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
TransUnion has announced a partnership with Snowflake to bring TruIQ Data Enrichment to Snowflake Marketplace. This partnership will provide joint customers with continuous access to pseudonymized TransUnion credit data within the Snowflake AI Data Cloud.
The partnership with Snowflake is likely to have a positive impact on TransUnion's stock as it enhances the company's data enrichment capabilities and expands its reach within the Snowflake AI Data Cloud.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50