What is Scotiabank's Estimate for Snowflake FY2026 Earnings?

Snowflake Inc. (NYSE:SNOW - Free Report) - Research analysts at Scotiabank issued their FY2026 EPS estimates for Snowflake in a report released on Wednesday, January 8th. Scotiabank analyst P. Colville expects that the company will post earnings of ($2.33) per share for the year. Scotiabank has a "Sector Outperform" rating and a $220.00 price objective on the stock. The consensus estimate for Snowflake's current full-year earnings is ($2.36) per share.

A number of other research firms also recently issued reports on SNOW. Monness Crespi & Hardt raised their target price on Snowflake from $140.00 to $188.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. JMP Securities restated a "market outperform" rating and issued a $190.00 price objective on shares of Snowflake in a research note on Tuesday, December 3rd. Barclays lifted their target price on shares of Snowflake from $172.00 to $190.00 and gave the stock an "equal weight" rating in a research note on Friday, December 6th. Citigroup dropped their price target on shares of Snowflake from $200.00 to $183.00 and set a "buy" rating on the stock in a research note on Monday, November 18th. Finally, Wells Fargo & Company upgraded shares of Snowflake from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $150.00 to $200.00 in a research note on Tuesday. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $187.11.

Snowflake Stock Performance

Shares of NYSE:SNOW traded up $2.32 during mid-day trading on Thursday, reaching $161.16. The company had a trading volume of 5,405,773 shares, compared to its average volume of 4,587,531. Snowflake has a one year low of $107.13 and a one year high of $237.72. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. The company's 50-day moving average price is $155.48 and its 200-day moving average price is $133.61. The firm has a market cap of $53.20 billion, a price-to-earnings ratio of -47.54 and a beta of 1.05.

Institutional Investors Weigh In On Snowflake

Institutional investors and hedge funds have recently bought and sold shares of the business. Groupama Asset Managment bought a new position in shares of Snowflake during the third quarter valued at approximately $25,000. V Square Quantitative Management LLC bought a new position in Snowflake in the 3rd quarter worth $30,000. Fortitude Family Office LLC purchased a new stake in shares of Snowflake in the 3rd quarter worth about $34,000. Larson Financial Group LLC boosted its stake in shares of Snowflake by 81.3% during the 3rd quarter. Larson Financial Group LLC now owns 339 shares of the company's stock valued at $39,000 after purchasing an additional 152 shares in the last quarter. Finally, Waldron Private Wealth LLC bought a new stake in shares of Snowflake during the 3rd quarter valued at about $40,000. Hedge funds and other institutional investors own 65.10% of the company's stock.

Insider Buying and Selling at Snowflake

In other Snowflake news, Director Frank Slootman sold 45,896 shares of the firm's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $176.06, for a total value of $8,080,449.76. Following the sale, the director now owns 208,735 shares of the company's stock, valued at $36,749,884.10. This trade represents a 18.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christian Kleinerman sold 15,000 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $120.77, for a total transaction of $1,811,550.00. Following the completion of the transaction, the executive vice president now owns 706,755 shares in the company, valued at $85,354,801.35. The trade was a 2.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 376,904 shares of company stock worth $62,545,855 over the last three months. Company insiders own 7.80% of the company's stock.

Snowflake Company Profile

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.