What is Scotiabank’s Forecast for Snowflake FY2027 Earnings?

Snowflake Inc. (NYSE:SNOW) – Stock analysts at Scotiabank increased their FY2027 earnings estimates for Snowflake in a research report issued on Friday, May 29th. Scotiabank analyst P. Colville now forecasts that the company will post earnings per share of ($2.08) for the year, up from their previous forecast of ($2.24). Scotiabank has a “Outperform” rating on the stock. The consensus estimate for Snowflake’s current full-year earnings is ($2.20) per share.

Snowflake (NYSE:SNOW) last announced its earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.07. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.32 billion. Snowflake had a negative net margin of 23.79% and a negative return on equity of 49.29%. Snowflake’s revenue was up 33.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.24 earnings per share.

Several other research analysts have also weighed in on the stock. Stifel Nicolaus increased their target price on shares of Snowflake from $205.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Citigroup increased their target price on shares of Snowflake from $260.00 to $320.00 and gave the stock a “buy” rating in a research note on Friday. Bank of America increased their price target on shares of Snowflake from $205.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. increased their price target on shares of Snowflake from $245.00 to $285.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Finally, Wedbush increased their price target on shares of Snowflake from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $284.38.

Snowflake Trading Up 10.0%

Shares of SNOW stock opened at $281.14 on Tuesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a market cap of $97.19 billion, a PE ratio of -79.87 and a beta of 1.08. The company has a 50-day moving average of $158.80 and a two-hundred day moving average of $190.47. Snowflake has a 1-year low of $118.30 and a 1-year high of $284.99.

Insider Activity

In related news, EVP Christian Kleinerman sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $236.77, for a total value of $1,183,850.00. Following the sale, the executive vice president owned 528,494 shares of the company’s stock, valued at $125,131,524.38. This trade represents a 0.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael L. Speiser sold 403 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $141.59, for a total transaction of $57,060.77. Following the completion of the sale, the director directly owned 22,509 shares in the company, valued at approximately $3,187,049.31. This trade represents a 1.76% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,416,489 shares of company stock worth $310,023,119 in the last ninety days. 4.80% of the stock is owned by insiders.

Institutional Trading of Snowflake

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SNOW. Brighton Jones LLC lifted its position in Snowflake by 90.0% in the fourth quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock valued at $9,556,000 after acquiring an additional 29,320 shares during the last quarter. Intech Investment Management LLC increased its holdings in shares of Snowflake by 24.0% in the 1st quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock valued at $1,637,000 after acquiring an additional 2,167 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of Snowflake by 29.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock valued at $47,000 after acquiring an additional 73 shares during the period. Flow Traders U.S. LLC acquired a new position in shares of Snowflake in the 2nd quarter valued at $221,000. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Snowflake by 7.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,603 shares of the company’s stock valued at $5,055,000 after acquiring an additional 1,521 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Scotiabank raised its FY2027 EPS estimate for Snowflake, signaling improved confidence in the company’s longer-term earnings outlook while keeping an Outperform rating.
• Positive Sentiment: Snowflake and Anthropic said their partnership is gaining momentum as enterprises adopt Claude inside Snowflake Cortex AI, reinforcing Snowflake’s role in governed, production-ready enterprise AI. Snowflake and Anthropic Accelerate Enterprise AI Adoption Driven by Rising Demand for Governed AI
• Positive Sentiment: Recent coverage highlighted Snowflake’s strong quarterly results, with accelerating growth and improved profitability renewing investor optimism that the company’s AI strategy is working. Snowflake’s Best Quarter In Years: One Product Made It Happen
• Positive Sentiment: Several media appearances and articles, including comments from Jim Cramer, emphasized that Snowflake is benefiting from the shift to AI and may have more upside if momentum continues. Jim Cramer Notes “Snowflake Understands the Transition to AI”
• Neutral Sentiment: Snowflake also drew attention from ecosystem partners, including new integrations on Snowflake Marketplace, which support the platform story but are not immediate financial catalysts. Redpoint Launches Identity Studio on Snowflake Marketplace
• Neutral Sentiment: Reports about a large AWS infrastructure agreement and Snowflake’s Natoma acquisition may strengthen its long-term AI/data moat, though investors are still weighing the impact. Snowflake signs $6bn infrastructure agreement with AWS
• Negative Sentiment: Large insider sales by directors Mark Garrett and Frank Slootman could create a mild overhang, even though one sale was made under a pre-arranged trading plan. Insider Selling: Snowflake (NYSE:SNOW) Director Sells 100,000 Shares of Stock
• Negative Sentiment: Some commentary warned that after the sharp rally, Snowflake’s upside may be more limited near term, which could temper enthusiasm. Should You Buy Snowflake Stock After Its Recent Surge? The Answer Might Surprise You.

About Snowflake

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.