From Seeking Alpha on Snowflake trading at 267 today.
Wall Street expects the cloud-based data storage company to post an EPS of $0.31, implying a 55% increase, while revenue is expected to rise 25.3% to $1.18 billion for the quarter.
The company, during its Q2 earnings call, stated that it expects Q3 product revenue to come in between $1.125 billion and $1.13 billion.
We expect this to support NRR around ~125% and healthy new customer growth of +18-19% YoY,” Oppenheimer analyst Ittai Kidron highlighted in a research note.
Over the last two years, SNOW has beaten EPS estimates 88% of the time and has beaten revenue estimates 100% of the time.
Over the last three months, EPS estimates have seen four upward revisions and one downward move, while revenue estimates have seen eight upward revisions, compared to one downward revision.
Since the start of the year, SNOW shares have gained over 70%, compared to nearly 16% rise in the broader S&P 500 index.