KeyCorp Predicts Snowflake's Q1 Earnings (NYSE:SNOW)

Key Points

• KeyCorp projects Q1 2027 EPS of ($0.63), has an "Overweight" rating and a $285 price target, and also models Q2 at ($0.59) and Q3 at ($0.54) while consensus full-year EPS is ($2.36).
• Snowflake beat its most recent quarter estimates—EPS $0.35 vs. $0.31 and revenue $1.21B vs. $1.18B—with revenue up 28.7% year-over-year, but the company remains unprofitable (net margin -30.76%, ROE -45.91%).
• Analysts hold a consensus "Moderate Buy" with an average target of about $275.58; shares trade near $206 (52-week range $120.10–$280.67) and insiders sold roughly 418,681 shares (~$96M) over the past three months.

Snowflake Inc. (NYSE:SNOW - Free Report) - Equities research analysts at KeyCorp issued their Q1 2027 EPS estimates for Snowflake in a report released on Monday, January 12th. KeyCorp analyst E. Heath expects that the company will post earnings of ($0.63) per share for the quarter. KeyCorp has a "Overweight" rating and a $285.00 price objective on the stock. The consensus estimate for Snowflake's current full-year earnings is ($2.36) per share. KeyCorp also issued estimates for Snowflake's Q2 2027 earnings at ($0.59) EPS and Q3 2027 earnings at ($0.54) EPS.

Snowflake (NYSE:SNOW - Get Free Report) last issued 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. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.18 billion. Snowflake had a negative return on equity of 45.91% and a negative net margin of 30.76%.Snowflake's quarterly revenue was up 28.7% compared to the same quarter last year. During the same period last year, the company earned $0.20 EPS.

A number of other brokerages have also weighed in on SNOW. JMP Securities lifted their target price on Snowflake from $283.00 to $325.00 and gave the company a "market outperform" rating in a research report on Tuesday, October 28th. Robert W. Baird raised their price target on Snowflake from $260.00 to $270.00 and gave the company an "outperform" rating in a research note on Thursday, December 4th. Rosenblatt Securities lifted their price objective on Snowflake from $250.00 to $275.00 and gave the company a "buy" rating in a report on Monday, December 1st. Canaccord Genuity Group upped their price objective on shares of Snowflake from $260.00 to $270.00 and gave the stock a "buy" rating in a research note on Thursday, December 4th. Finally, Wedbush reissued an "outperform" rating and set a $270.00 target price on shares of Snowflake in a research report on Thursday, December 4th. Two research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $275.58.

Snowflake Stock Down 1.6%

Shares of NYSE SNOW opened at $206.12 on Thursday. Snowflake has a 52-week low of $120.10 and a 52-week high of $280.67. The firm has a market capitalization of $70.53 billion, a price-to-earnings ratio of -51.02 and a beta of 1.14. The stock has a 50 day moving average price of $235.26 and a 200 day moving average price of $228.89. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 1.37.

Institutional Investors Weigh In On Snowflake

Several institutional investors have recently bought and sold shares of the company. Trust Co. of Toledo NA OH acquired a new position in shares of Snowflake during the second quarter worth $25,000. Avion Wealth grew its stake in Snowflake by 76.6% during the 2nd quarter. Avion Wealth now owns 113 shares of the company's stock worth $25,000 after buying an additional 49 shares during the last quarter. Grey Fox Wealth Advisors LLC purchased a new position in Snowflake during the 3rd quarter worth $25,000. Tripletail Wealth Management LLC acquired a new position in Snowflake during the 3rd quarter valued at about $28,000. Finally, Rossby Financial LCC raised its stake in Snowflake by 4,233.3% in the second quarter. Rossby Financial LCC now owns 130 shares of the company's stock valued at $29,000 after buying an additional 127 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Christian Kleinerman sold 10,000 shares of Snowflake stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $249.53, for a total value of $2,495,300.00. Following the transaction, the executive vice president owned 512,450 shares of the company's stock, valued at $127,871,648.50. The trade was a 1.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael L. Speiser sold 50,338 shares of the business's stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $230.65, for a total transaction of $11,610,459.70. Following the transaction, the director owned 32,756 shares of the company's stock, valued at approximately $7,555,171.40. This trade represents a 60.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 418,681 shares of company stock valued at $96,073,145. Company insiders own 6.80% of the company's stock.

Snowflake Company Profile

Snowflake Inc is a cloud-native data platform company that provides a suite of services for storing, processing and analyzing large volumes of data. Its core offering, often described as the Snowflake Data Cloud, combines data warehousing, data lake and data sharing capabilities in a single managed service delivered across major public cloud providers. The platform is designed to support analytics, data engineering, data science and application workloads with a focus on scalability, concurrency and simplified administration.

Key products and capabilities include a multi-cluster, shared-data architecture that separates compute from storage; continuous data ingestion and streaming; support for structured and semi-structured data formats; tools for data governance, security and compliance; and developer frameworks for building data applications.

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