Snowflake Earnings Near, Large Stock Movement Anticipated

NEW YORK, Feb. 24, 2025 — Snowflake Inc. (SNOW) is set to release its earnings report this Wednesday, with analysts predicting significant fluctuations in stock price due to ongoing market uncertainty. The cloud-data storage company has seen its stock tumble from a recent high of $194.40, currently trading around $170 per share after six consecutive days of losses.

The upcoming earnings report is expected to show earnings per share (EPS) of $0.18 on revenue of approximately $955.52 million. The recent decline reverses the trend seen earlier, following a substantial spike of over $40 in a single day after the previous earnings call in November 2024.

According to a recent update from CEO Sridhar Ramaswamy, the company exhibited strong third-quarter performance with a product revenue of $900 million, marking a 29% increase year-over-year. He stated, “Our obsessive drive to produce product cohesion and ease of use has built Snowflake into the easiest and most cost-effective enterprise data platform.” This impressive growth continues, with remaining performance obligations at $5.7 billion and a year-over-year growth of 55%, as the firm claims more than 10,000 customers and processes roughly 6 billion data queries daily.

The volatility surrounding SNOW stock is reflected in the options market, with analysts suggesting an expected price movement of ±$19.50 this week, representing over 10% of the current stock price. This level of volatility highlights the uncertainty investors face as they await the earnings announcement.

Past performance indicates that Snowflake has historically exceeded both EPS and revenue expectations in recent quarters. Analysts will be closely watching for any signs of optimism that could potentially halt the stock’s downward trend following the recent losses. “If they can paint an optimistic picture for 2025, we could see the recent stock price sell-off reverse on Wednesday after the close,” said market expert Mike Butler, director of market intelligence at tastylive.

With anticipation building, investors and traders alike are advised to tune in at 11 a.m. CST this Wednesday for detailed insights into Snowflake’s performance, alongside earnings reports from other tech giants like Salesforce (CRM) and NVIDIA (NVDA).

The tech industry remains volatile, and the implications of this earnings report extend beyond Snowflake itself, influencing broader market sentiment in the sector.