Snowflake Inc. SNOW It is expected to release its fourth-quarter earnings results after the closing bell on February 28, 2024.
Analysts expect the company to report quarterly earnings of 18 cents per share, down from earnings of 14 cents per share last year. The company is projected to post revenue of $759.1 million for the latest quarter, compared to $589.01 million in the prior-year quarter, according to data from Benzinga Pro.
Snowflake, during November, said third-quarter revenue increased 32% year over year to $734.17 million, which beat the consensus estimate of $712.78 million. The company reported quarterly earnings of 25 cents per share, beating analyst estimates of 16 cents per share.
Snowflake shares gained 1.3% to close at $234.03 on Tuesday.
Benzinga readers can access the latest analyst ratings in the Analyst Stock Ratings page. Readers can sort by stock price, company name, analyst firm, rating change, or other variables.
Let's take a look at how Benzinga's most accurate Analysts have rated the company. in the recent period.
- citi group Analyst Tyler Radke maintained a Buy rating and increased the price target from $255 to $290 on February 27, 2024. This analyst has a 74% accuracy rate.
- USB Analyst Karl Keirstead maintained a Neutral rating and raised the price target from $185 to $225 on February 22, 2024. This analyst has a 77% accuracy rate.
- NeedhamEdit Analyst Mike Cikos maintained a Buy rating and raised the price target from $225 to $265 on February 21, 2024. This analyst has an accuracy rate of 83%.
- Barclays Analyst Raimo Lenschow downgraded the stock from Overweight to Equal Weight with a price target of $198 on January 12, 2024. This analyst has a 77% accuracy rate.
- Piper Sandler Analyst Brent Bracelin maintained an Overweight rating and increased the price target from $220 to $250 on January 2, 2024. This analyst has a 77% accuracy rate.
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