Research Analysts Issue Forecasts for Snowflake Q1 Earnings

Snowflake Inc. (NYSE:SNOW) – Research analysts at Capital One Financial issued their Q1 2027 EPS estimates for shares of Snowflake in a research note issued on Tuesday, April 15th. Capital One Financial analyst C. Murphy anticipates that the company will earn ($0.62) per share for the quarter. The consensus estimate for Snowflake’s current full-year earnings is ($2.36) per share. Capital One Financial also issued estimates for Snowflake’s Q2 2027 earnings at ($0.57) EPS, Q3 2027 earnings at ($0.52) EPS and Q4 2027 earnings at ($0.43) EPS.

Other equities research analysts also recently issued research reports about the company. Royal Bank of Canada boosted their price objective on Snowflake from $210.00 to $221.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Oppenheimer raised their price objective on shares of Snowflake from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Wolfe Research upgraded shares of Snowflake from a “peer perform” rating to an “outperform” rating and set a $235.00 price objective for the company in a report on Tuesday, February 18th. Guggenheim reissued a “neutral” rating on shares of Snowflake in a research report on Thursday, February 27th. Finally, Piper Sandler upped their price objective on Snowflake from $208.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Ten research analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $201.76.

Snowflake Stock Down 1.9 %

Snowflake stock opened at $143.34 on Thursday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. The firm has a 50 day moving average price of $159.87 and a 200 day moving average price of $154.12. Snowflake has a fifty-two week low of $107.13 and a fifty-two week high of $194.40. The company has a market capitalization of $47.32 billion, a PE ratio of -42.28 and a beta of 1.13.

Insider Activity at Snowflake

In related news, CRO Christopher William Degnan sold 12,782 shares of Snowflake stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $181.87, for a total value of $2,324,662.34. Following the sale, the executive now directly owns 308,164 shares in the company, valued at $56,045,786.68. The trade was a 3.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frank Slootman sold 127,247 shares of the business’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $176.25, for a total transaction of $22,427,283.75. Following the sale, the director now owns 195,281 shares in the company, valued at $34,418,276.25. The trade was a 39.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 491,589 shares of company stock worth $82,405,796 in the last quarter. Company insiders own 7.80% of the company’s stock.

Institutional Investors Weigh In On Snowflake

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Chicago Capital LLC increased its stake in Snowflake by 6.5% in the 1st quarter. Chicago Capital LLC now owns 7,259 shares of the company’s stock valued at $1,061,000 after purchasing an additional 442 shares in the last quarter. WD Rutherford LLC raised its stake in shares of Snowflake by 0.6% during the 1st quarter. WD Rutherford LLC now owns 12,247 shares of the company’s stock worth $1,795,000 after buying an additional 79 shares during the last quarter. QRG Capital Management Inc. boosted its position in shares of Snowflake by 2.3% in the 1st quarter. QRG Capital Management Inc. now owns 41,075 shares of the company’s stock worth $6,004,000 after buying an additional 913 shares in the last quarter. BDF Gestion acquired a new stake in Snowflake in the 1st quarter valued at about $2,046,000. Finally, Sowell Financial Services LLC purchased a new position in Snowflake during the 1st quarter valued at about $481,000. 65.10% of the stock is currently owned by institutional investors and hedge funds.

About Snowflake

Snowflake Inc provides a cloud-based data platform for various organizations in the United States and internationally. Its platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data and data products, as well as applies artificial intelligence (AI) for solving business problems.