Snowflake Inc. (SNOW) reported $942.09 million in income for the quarter ended October 2024, representing a year-over-year improve of 28.3%. EPS of $0.20 for a similar interval compares to $0.25 a 12 months in the past.
The reported income compares to the Zacks Consensus Estimate of $898.77 million, representing a shock of +4.82%. The corporate delivered an EPS shock of +33.33%, with the consensus EPS estimate being $0.15.
Whereas buyers scrutinize income and earnings adjustments year-over-year and the way they examine with Wall Avenue expectations to find out their subsequent transfer, some key metrics at all times provide a extra correct image of an organization’s monetary well being.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps buyers venture a inventory’s worth efficiency extra precisely.
Right here is how Snowflake carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Avenue analysts:
- Remaining efficiency obligations: $5.70 billion versus the four-analyst common estimate of $5.35 billion.
- Prospects with trailing 12-month product income larger than $1 million: 542 in comparison with the 542 common estimate primarily based on two analysts.
- Income- Product income: $900.28 million versus the 10-analyst common estimate of $853.19 million. The reported quantity represents a year-over-year change of +28.9%.
- Income- Skilled companies and different income: $41.81 million versus $40.45 million estimated by 10 analysts on common. In comparison with the year-ago quarter, this quantity represents a +17.1% change.
- Non-GAAP Product Gross Revenue: $686.90 million versus $637.69 million estimated by eight analysts on common.
- Non-GAAP Skilled Companies and Different Income Gross Revenue (Loss): $0.27 million versus the eight-analyst common estimate of $2.42 million.
- GAAP Product gross revenue: $636.66 million in comparison with the $595.25 million common estimate primarily based on two analysts.
- GAAP Skilled Companies and Different Income Gross Revenue (Loss): -$15.46 million versus the two-analyst common estimate of -$12.39 million.
View all Key Company Metrics for Snowflake here>>>
Shares of Snowflake have returned +12.8% over the previous month versus the Zacks S&P 500 composite’s +1% change. The inventory at the moment has a Zacks Rank #4 (Promote), indicating that it may underperform the broader market within the close to time period.
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Snowflake Inc. (SNOW) : Free Stock Analysis Report
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