Snowflake Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Snowflake Inc. (NYSE:SNOW) is set to release its Q2 earnings, with analysts forecasting a decrease in EPS to 16 cents from 22 cents last year, and revenue of $849.7 million. Analysts have revised price targets downward, reflecting cautious sentiment ahead of the earnings call.
August 21, 2024 | 4:02 pm
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NEGATIVE IMPACT
Snowflake is expected to report lower EPS and revenue growth for Q2. Analysts have revised price targets downward, indicating cautious sentiment.
The expected decrease in EPS and the downward revision of price targets by multiple analysts suggest a negative short-term impact on Snowflake's stock price. The revisions reflect a cautious outlook, likely due to anticipated lower earnings performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100