Snowflake Inc reports results for the quarter ended April 30 - Earnings Summary

• Snowflake Inc SNOW.N reported quarterly adjusted earnings of 24 cents​​ per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of 14 cents. The mean expectation of thirty eight analysts for the quarter was for earnings of 21 cents per share. Wall Street expected results to range from 16 cents to 35 cents per share.

• Revenue rose 25.7% to $1.04 billion from a year ago; analysts expected $1.01 billion.

• Snowflake Inc's reported EPS for the quarter was a loss of $1.29​.

• The company reported a quarterly loss of $430.09 million.

• Snowflake Inc shares had risen by 25.1% this quarter and gained 18.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 12.3% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 36 "strong buy" or "buy," 10 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the it services & consulting peer group is also "buy"

• Wall Street's median 12-month price target for Snowflake Inc is $205.00

This summary was machine generated from LSEG data May 21 at 11:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)