Should You Buy, Sell, or Hold SNOW Stock Before Q1 Earnings Release? Snowflake Inc. (SNOW) is set to report its first-quarter fiscal 2027 earnings on May 27, with investors closely watching the results amid expectations of continued growth. The Zacks Consensus Estimate for first-quarter earnings remains at 32 cents per share, reflecting a year-over-year increase of 33.33%. Revenue projections for the quarter are pegged at $1.32 billion, representing a 26.85% rise compared to the same period in fiscal 2026. Snowflake has historically beaten earnings estimates in all four trailing quarters, with an average surprise of 18.78%. The company’s performance is expected to highlight expanding client adoption, driven by its AI capabilities and extensive partner network. Snowflake’s net revenue retention rate reached 125% in the fourth quarter of fiscal 2026, indicating strong customer loyalty. During that period, the company added 740 net new customers, a 40% year-over-year increase. Snowflake now serves 733 customers with annual spending exceeding $1 million, up 27% from the previous year, and 56 customers with annual spending over $10 million, a 56% increase. These trends are anticipated to persist in the upcoming quarter. For the first quarter of fiscal 2027, Snowflake projects product revenues between $1.262 billion and $1.267 billion, representing a 27% year-over-year growth. The Zacks Consensus Estimate for product revenues is $1.26 billion, aligning with the projected growth rate. The company’s customer base is also expected to expand, with the consensus estimate for customers with trailing 12-month product revenues exceeding $1 million at 758, a 25.08% increase from the prior year.#zacks_consensus_estimate #snowflake_inc #snowflake_intelligence #cortex_code #snowflake_openflow
