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SNOW
AS OF
Mar 6 closing price
Price
$180.48
Change
+$3.03 (+1.71%)
Capitalization
58.29B
81 days until earnings call
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Anna G's Avatar
published in Blogs
May 26, 2022
Snowflake (SNOW, $128.28) fiscal Q1 earnings crushes Zacks Consensus Estimate

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%.

Related Ticker: SNOW

SNOW in upward trend: price expected to rise as it breaks its lower Bollinger Band on January 29, 2026

SNOW may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 41 cases where SNOW's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where SNOW's RSI Indicator exited the oversold zone, of 29 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 61 cases where SNOW's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on March 06, 2026. You may want to consider a long position or call options on SNOW as a result. In of 91 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for SNOW just turned positive on February 25, 2026. Looking at past instances where SNOW's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SNOW advanced for three days, in of 332 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The 50-day moving average for SNOW moved below the 200-day moving average on February 06, 2026. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

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 .

The Aroon Indicator for SNOW entered a downward trend on March 05, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

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 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 (32.051) is normal, around the industry mean (10.768). P/E Ratio (0.000) is within average values for comparable stocks, (76.319). SNOW's Projected Growth (PEG Ratio) (5.601) is slightly higher than the industry average of (1.938). Dividend Yield (0.000) settles around the average of (0.033) among similar stocks. P/S Ratio (13.004) is also within normal values, averaging (53.809).

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.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SNOW’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 96, placing this stock worse than average.

Notable companies

The most notable companies in this group are Salesforce (NYSE:CRM), Uber Technologies (NYSE:UBER), Shopify Inc (NASDAQ:SHOP), Intuit (NASDAQ:INTU), ServiceNow Inc. (NYSE:NOW), Adobe (NASDAQ:ADBE), Autodesk (NASDAQ:ADSK), Datadog (NASDAQ:DDOG), Workday (NASDAQ:WDAY), Zoom Communications Inc (NASDAQ:ZM).

Industry description

Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.

Market Cap

The average market capitalization across the Packaged Software Industry is 6.54B. The market cap for tickers in the group ranges from 291 to 228.82B. SAPGF holds the highest valuation in this group at 228.82B. The lowest valued company is BLGI at 291.

High and low price notable news

The average weekly price growth across all stocks in the Packaged Software Industry was 3%. For the same Industry, the average monthly price growth was -1%, and the average quarterly price growth was 12%. NMYSF experienced the highest price growth at 260%, while HKIT experienced the biggest fall at -53%.

Volume

The average weekly volume growth across all stocks in the Packaged Software Industry was 211%. For the same stocks of the Industry, the average monthly volume growth was -34% and the average quarterly volume growth was 13%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 54
P/E Growth Rating: 77
Price Growth Rating: 67
SMR Rating: 76
Profit Risk Rating: 95
Seasonality Score: -18 (-100 ... +100)
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These past five trading days, the stock lost 0.00% with an average daily volume of 0 shares traded.The stock tracked a drawdown of 0% for this period. SNOW showed earnings on February 25, 2026. You can read more about the earnings report here.
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Industry PackagedSoftware

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Fundamentals
Details
Industry
Other Consumer Services
Address
106 East Babcock Street
Phone
+1 844 766-9355
Employees
7004
Web
https://www.snowflake.com
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