Scotiabank Estimates Snowflake’s FY2026 Earnings (NYSE:SNOW)

Snowflake Inc. (NYSE:SNOW) – Equities researchers at Scotiabank raised their FY2026 earnings per share estimates for shares of Snowflake in a research note issued on Thursday, December 4th. Scotiabank analyst P. Colville now forecasts that the company will post earnings of ($2.33) per share for the year, up from their previous forecast of ($2.37). Scotiabank has a “Outperform” rating on the stock. The consensus estimate for Snowflake’s current full-year earnings is ($2.36) per share.

Several other equities analysts have also recently commented on SNOW. Weiss Ratings restated a “sell (d-)” rating on shares of Snowflake in a report on Wednesday, October 8th. Macquarie lifted their price objective on Snowflake from $235.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, December 4th. DA Davidson restated a “buy” rating and issued a $300.00 target price on shares of Snowflake in a research note on Monday, December 1st. Raymond James Financial upped their target price on Snowflake from $212.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, August 28th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Snowflake in a research note on Wednesday, November 26th. Two analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, three have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $274.78.

Snowflake Stock Down 1.0%

Snowflake stock opened at $222.98 on Monday. Snowflake has a twelve month low of $120.10 and a twelve month high of $280.67. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.48 and a current ratio of 1.37. The firm has a market cap of $75.55 billion, a PE ratio of -55.19 and a beta of 1.09. The firm’s 50 day moving average price is $251.27 and its two-hundred day moving average price is $227.19.

Snowflake (NYSE:SNOW) last posted its quarterly earnings results on Wednesday, December 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. Snowflake had a negative net margin of 30.76% and a negative return on equity of 45.91%. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period in the prior year, the firm earned $0.20 earnings per share. The firm’s revenue was up 28.7% compared to the same quarter last year.

Insider Buying and Selling

In other news, EVP Christian Kleinerman sold 10,000 shares of Snowflake stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $249.53, for a total transaction of $2,495,300.00. Following the sale, the executive vice president owned 512,450 shares of the company’s stock, valued at approximately $127,871,648.50. This trade represents a 1.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael L. Speiser sold 403 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $230.65, for a total value of $92,951.95. Following the sale, the director owned 24,524 shares in the company, valued at approximately $5,656,460.60. This represents a 1.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 218,819 shares of company stock valued at $52,823,885 in the last quarter. Corporate insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Snowflake

Hedge funds have recently made changes to their positions in the business. Berkshire Capital Holdings Inc. boosted its holdings in shares of Snowflake by 71,500.0% in the 1st quarter. Berkshire Capital Holdings Inc. now owns 7,160 shares of the company’s stock worth $1,047,000 after acquiring an additional 7,150 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in Snowflake during the 2nd quarter valued at $6,845,000. Kingstone Capital Partners Texas LLC bought a new position in Snowflake in the 2nd quarter valued at $3,900,134,000. Bank of Hawaii acquired a new position in Snowflake in the first quarter worth $1,019,000. Finally, Invesco Ltd. grew its holdings in shares of Snowflake by 26.5% during the first quarter. Invesco Ltd. now owns 3,088,288 shares of the company’s stock worth $451,384,000 after purchasing an additional 647,176 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

About Snowflake

Snowflake Inc provides a cloud-based data platform for various organizations in the United States and internationally. Its platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data and data products, as well as applies artificial intelligence (AI) for solving business problems.