Snowflake (SNOW) reported third-quarter fiscal 2025 non-GAAP earnings of 20 cents per share, beating the Zacks Consensus Estimate by 33.33%. The figure declined 20% year over year.SNOW’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, the average earnings surprise being 35.39%.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Revenues of $942.1 million beat the consensus mark by 4.82% and jumped 28.3% year over year. Americas, Europe, M ...

In the midst of the AI bull run, various sympathy plays have emerged — primarily in the tech sector. Data cloud business Snowflake (NYSE: SNOW) is in such a position, but SNOW shares have lagged behind the wider market throughout most of 2024.Most notably, renowned billionaire investor Warren Buffett completely divested his stake in Q2 2024 — in spite of the fact that the average price target at the time saw a 50% upside for the stock.SNOW stock hasn’t managed to recoup all of its losses — yet. Snowflake sh ...

Snowflake Inc (NYSE:SNOW) stock is up 31.1% to trade at $169.31at last glance, on track for its best-ever single-day percentage gain after the software maker reported a third-quarter earnings beat o  20 cents per share and better-than-expected revenue of $942 million. In addition, the company anticipates $3.43 billion in fiscal 2025 product revenue, which is well above the $3.36 billion forecasted three months ago. Snowflake also added 369 customers to bring its total up to 10,618 at the end of October, whi ...

Snowflake is one of the fastest-growing tech stocks out there, but also very expensive.In this video, I will cover Snowflake's (SNOW 31.42%) third-quarter earnings, which were better than expected. Watch the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of Nov. 20, 2024. The video was published on Nov. 20, 2024. ...

Key TakeawaysSnowflake shares were up over 20% in premarket trading Thursday after its third-quarter results beat estimates.Revenue rose year-over-year, while the company also reported better adjusted profits than expected.Aside from its earnings, Snowflake also announced an acquisition and a partnership with Amazon-backed Anthropic to bring its AI models to Snowflake products. Snowflake (SNOW) shares surged Thursday morning after the data software company reported better-than-expected results for the third ...

Snowflake (NYSE: SNOW ) share price has spiked by around 20% yesterday after hours as a result of a strong FQ3 2025 earnings release. Confident beat against consensus and guidance boost is not just a oneComing from an IT background, I have dived into the U.S. stock market seven years ago by managing portfolio of my family. Starting managing real money has been challenging for the first time, but long hours of mastering fundamental analysis of public companies paid off and now I feel very confident in my inv ...

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Core Insights - Snowflake shares surged 20% in after-hours trading following better-than-expected earnings and an increased revenue outlook for fiscal 2025 [2][3] - The company now anticipates product revenue of $3.43 billion for fiscal 2025, up from a previous forecast of $3.36 billion, driven by software demand and public sector opportunities [2] - Snowflake has entered a multiyear partnership with AI startup Anthropic and plans to acquire Datavolo, an open data integration platform [3] Technical Analysis - Between September and October, Snowflake shares formed a double bottom pattern, indicating a bullish reversal [5] - The stock is positioned for further gains after successfully retesting the neckline of the double bottom pattern ahead of earnings [5] - Key overhead price levels to monitor include $145, $165, $182, and a psychological level of $200, with significant support expected around $125 [7][9][11] Price Levels - The first key level to watch is around $145, just above the 200-day moving average, with potential buying interest during intraday dips [7] - A follow-through buying could push shares to $165, where resistance may occur due to previous swing highs [8] - The next level to observe is $182, with potential selling opportunities for investors who bought at lower prices [8] - A bullish scenario could see a retest of the $200 level, approximately 55% above the recent closing price [9] Support Levels - During pullbacks, the $125 level is crucial as it may serve as significant support from the double bottom pattern's neckline [11]

Financial Data and Key Metrics Changes - Product revenue for Q3 was $900 million, representing a strong 29% year-on-year growth [11] - Remaining performance obligations totaled $5.7 billion, with year-over-year growth accelerating to 55% [12] - Non-GAAP operating margin improved to 6%, with non-GAAP product gross margin stabilizing at 76% [30] Business Line Data and Key Metrics Changes - Snowpark is on track to represent approximately 3% of product revenue, contributing positively to growth [28] - The core data warehousing business showed strong performance, with new product initiatives beginning to contribute to growth [28] Market Data and Key Metrics Changes - Net revenue retention rates stabilized at 127% [28] - The company signed $350 million-plus total contract value deals, indicating strong demand across various sectors [29] Company Strategy and Development Direction - The company is focused on operational efficiency and cost management while aggressively investing in innovation and go-to-market strategies [12][13] - The intended acquisition of Datavolo aims to enhance the company's capabilities in handling unstructured data and improve data engineering workflows [24][64] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to drive growth through product innovation and customer engagement, particularly in AI and data engineering [20][24] - The company anticipates continued strong performance in Q4, with expectations for product revenue between $906 million and $911 million, representing 23% year-over-year growth [33] Other Important Information - The company has $5 billion in cash and investments, with $2 billion remaining for stock repurchases and potential acquisitions [32][31] - The company is seeing strong momentum in international markets, particularly in Europe and Asia Pacific [78] Q&A Session Questions and Answers Question: What contributed to the strength in consumption revenue and bookings? - Management noted broad-based demand across customers, with specific contributions from Iceberg and Snowpark [39] Question: How is the company addressing competitive displacements? - Management highlighted ease of use and faster time to value as key factors driving competitive displacements [41] Question: What is the visibility on the ramp of new AI products like Cortex? - Management indicated that Cortex is in early stages but showing promise, with expectations for significant future contributions [48] Question: How does the company view the stability of the core business? - Management confirmed that the core business remains strong, with a stable net revenue retention rate and positive outlook for next year [59] Question: Can you elaborate on the acquisition of Datavolo? - The acquisition is seen as a strategic move to enhance data engineering capabilities and support unstructured data processing [64] Question: How is the company positioned in international markets? - Management expressed confidence in growth opportunities in Europe and Asia Pacific, with strong performance noted in Japan and Australia [78]

Snowflake Inc. (SNOW) reported $942.09 million in revenue for the quarter ended October 2024, representing a year-over-year increase of 28.3%. EPS of $0.20 for the same period compares to $0.25 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $898.77 million, representing a surprise of +4.82%. The company delivered an EPS surprise of +33.33%, with the consensus EPS estimate being $0.15.While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...