Snowflake (SNOW, $128.28) fiscal Q1 earnings crushes Zacks Consensus Estimate
Snowflake posted its fiscal first-quarter earnings that surpassed expectations.
The cloud-computing date warehousing company’s fiscal 2023 non-GAAP earnings came in at 1 cent per share, exceeding the Zacks Consensus Estimate by 200%. The company incurred a loss of -24 cents in the year-ago quarter.
Revenues climbed +84.5% from the year-ago quarter to $422.4 million, beating the consensus estimate by 3.11%.
Revenues from Snowflake’s product revenues (accounting for 93.4% of total revenues) rose +84.4% year over year to $394.4 million, well above the company’s guidance range of $383 million-$388 million.
Professional Services and other revenues (6.6% to total revenues) surged 85.2% year over year to $27.9 million.
In the fiscal first quarter, Snowflake had a net revenue retention rate of 174% for existing customers, compared to 168% in the year-ago quarter but slightly lower than the 177% in the previous quarter.
The company had a 40% year-over-year growth in the number of customers, reaching 6,322 in the reported quarter.
For the second quarter of fiscal 2023, Snowflake projects product revenues in the range of $435 million-$440 million, implying year-over-year growth of 71-73%. The operating loss margin is expected at 2% for the second quarter.
For fiscal 2023, Snowflake now predicts product revenues in the range of $1.885 billion-$1.900 billion, indicating a year-over-year growth of 65-67%.
Momentum Indicator for SNOW turns negative, indicating new downward trend
SNOW saw its Momentum Indicator move below the 0 level on July 09, 2025. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 86 similar instances where the indicator turned negative. In of the 86 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for SNOW moved out of overbought territory on July 09, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 27 similar instances where the indicator moved out of overbought territory. In of the 27 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SNOW declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
SNOW broke above its upper Bollinger Band on June 23, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SNOW advanced for three days, in of 318 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 197 cases where SNOW Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. SNOW’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock slightly better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (10.352) is normal, around the industry mean (31.631). P/E Ratio (0.000) is within average values for comparable stocks, (164.477). Projected Growth (PEG Ratio) (3.102) is also within normal values, averaging (2.732). Dividend Yield (0.000) settles around the average of (0.030) among similar stocks. P/S Ratio (18.762) is also within normal values, averaging (62.243).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
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