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Snowflake Inc. (SNOW) Registers a Bigger Fall Than the Market: Important Facts to Note

By Zacks Equity Research | February 03, 2026, 5:45 PM

In the latest trading session, Snowflake Inc. (SNOW) closed at $173.24, marking a -9.15% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.84%. On the other hand, the Dow registered a loss of 0.34%, and the technology-centric Nasdaq decreased by 1.43%.

Coming into today, shares of the company had lost 15.01% in the past month. In that same time, the Computer and Technology sector gained 1.75%, while the S&P 500 gained 1.8%.

Analysts and investors alike will be keeping a close eye on the performance of Snowflake Inc. in its upcoming earnings disclosure. The company's earnings report is set to go public on February 25, 2026. In that report, analysts expect Snowflake Inc. to post earnings of $0.27 per share. This would mark a year-over-year decline of 10%. Our most recent consensus estimate is calling for quarterly revenue of $1.25 billion, up 26.85% from the year-ago period.

SNOW's full-year Zacks Consensus Estimates are calling for earnings of $1.2 per share and revenue of $4.65 billion. These results would represent year-over-year changes of +44.58% and 0%, respectively.

Investors might also notice recent changes to analyst estimates for Snowflake Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.68% decrease. Right now, Snowflake Inc. possesses a Zacks Rank of #4 (Sell).

Looking at valuation, Snowflake Inc. is presently trading at a Forward P/E ratio of 118.12. For comparison, its industry has an average Forward P/E of 22.25, which means Snowflake Inc. is trading at a premium to the group.

One should further note that SNOW currently holds a PEG ratio of 3.37. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Internet - Software industry had an average PEG ratio of 1.24 as trading concluded yesterday.

The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 89, this industry ranks in the top 37% of all industries, numbering over 250.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

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Snowflake Inc. (SNOW): Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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