From Nasdaq: 2025-05-21 17:15:00

Snowflake Inc. (SNOW) reported earnings of $0.24 per share, beating the Zacks Consensus Estimate of $0.22 per share and showing a 9.09% surprise. Revenues were $1.04 billion, exceeding estimates by 3.74%. The stock has gained 18.4% this year. Investors are now looking towards the company’s future performance and earnings outlook.

Snowflake’s strong performance has led to questions about future stock movement. Analysts suggest tracking earnings estimates for insights. The company currently holds a Zacks Rank #3 (Hold) with a mixed estimate trend. Industry trends also play a significant role in stock performance, with Internet – Software currently ranking in the top 26% of Zacks industries.

Another company in the same industry, Couchbase, Inc. (BASE), is set to release its earnings on June 3. Expectations are for a quarterly loss of $0.08 per share, a 20% increase from last year. Revenues are predicted to be $55.43 million, up 8% from the previous year.

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Read more at Nasdaq: Snowflake Inc. (SNOW) Beats Q1 Earnings and Revenue Estimates