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Surging Earnings Estimates Signal Upside for Snowflake (SNOW) Stock

Zacks Investment Research·
Surging Earnings Estimates Signal Upside for Snowflake (SNOW) Stock

Snowflake Inc. (SNOW) is positioned as a solid investment choice due to remarkably improving earnings outlook and strong analyst consensus on raising earnings estimates. The company is expected to earn $0.60 per share for the current quarter (+71.4% YoY) and $2.19 for the full year (+75.2% YoY). With 11 out of 12 recent estimate revisions moving higher, Snowflake carries a Zacks Rank #2 (Buy) rating, suggesting potential for further upside.

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