Advertisement
UK markets closed

  • FTSE 100

    7,895.85
    +18.80 (+0.24%)
     

  • FTSE 250

    19,391.30
    -59.37 (-0.31%)
     

  • AIM

    745.67
    +0.38 (+0.05%)
     

  • GBP/EUR

    1.1607
    -0.0076 (-0.65%)
     

  • GBP/USD

    1.2370
    -0.0068 (-0.55%)
     

  • Bitcoin GBP

    51,376.93
    +1,827.18 (+3.69%)
     

  • CMC Crypto 200

    1,367.58
    +54.96 (+4.18%)
     

  • S&P 500

    4,967.23
    -43.89 (-0.88%)
     

  • DOW

    37,986.40
    +211.02 (+0.56%)
     

  • CRUDE OIL

    83.24
    +0.51 (+0.62%)
     

  • GOLD FUTURES

    2,406.70
    +8.70 (+0.36%)
     

  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

  • HANG SENG

    16,224.14
    -161.73 (-0.99%)
     

  • DAX

    17,737.36
    -100.04 (-0.56%)
     

  • CAC 40

    8,022.41
    -0.85 (-0.01%)
     
Property:

11 beautiful homes with glorious garden rooms

Investing in a home with a garden room will enable you to enjoy your outside space whatever the weather

Compared to Estimates, Snowflake Inc. (SNOW) Q1 Earnings: A Look at Key Metrics

Zacks Equity Research
·2-min read

For the quarter ended April 2023, Snowflake Inc. (SNOW) reported revenue of $623.6 million, up 47.6% over the same period last year. EPS came in at $0.15, compared to $0.01 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $607.57 million, representing a surprise of +2.64%. The company delivered an EPS surprise of +200.00%, with the consensus EPS estimate being $0.05.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

ADVERTISEMENT

Here is how Snowflake Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Remaining performance obligations: $3.40 billion versus the four-analyst average estimate of $3.62 billion.

  • Total customers: 8167 versus the three-analyst average estimate of 8199.33.

  • Product Revenue: $590.07 million compared to the $570.79 million average estimate based on eight analysts.

  • Professional Services Revenue: $33.53 million versus $36.64 million estimated by eight analysts on average.

  • Non-GAAP Gross profit (loss)- Product: $454.08 million versus the six-analyst average estimate of $432.49 million.

  • Non-GAAP Gross profit (loss)- Professional services and other: -$0.14 million versus $2.85 million estimated by five analysts on average.

View all Key Company Metrics for Snowflake Inc. here>>>

Shares of Snowflake Inc. have returned +29.3% over the past month versus the Zacks S&P 500 composite's +0.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Snowflake Inc. (SNOW) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research