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Snowflake EPS misses by $0.19, beats on revenue

Tiger Newspress2021-05-27

(May 27) Snowflake shares slide over 3% despite beating Q1 revenue estimates with $228.9M, up 110% Y/Y. GAAP loss per share was $0.70,which might not be comparable to consensus estimates. Snowflake shares tend to pull back after earnings due to the high valuation.

  • Snowflake Q1 GAAP EPS of -$0.70misses by $0.19.
  • Revenue of $228.9M (+110.4% Y/Y)beats by $15.54M.
  • Product revenue of $213.8 million, representing 110% year-over-year growth
  • Remaining performance obligations of $1.4 billion, representing 206% year-over-year growth
  • 4,532 total customers
  • Net revenue retention rate of 168%
  • 104 customers with trailing 12-month product revenue greater than $1 million

Guidance:

  • Q2 Product revenue of $235M-$240M, up 88%-92%, operating margin -19%.
  • FY22 Product revenue of $1.02B-$1.04B vs. prior guidance of $1B-$1.02B, operating margin -17%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment98

  • hmanxx
    ·2021-05-27
    Pre market is dropping
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  • Ezgainz
    ·2021-05-27
    Cool
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  • koolgal
    ·2021-05-27
    Up up and away!  Please like and comment.  Thanks
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    • koolgal
      OK.  Thanks
      2021-05-27
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    • Ash1285
      Done
      2021-05-27
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    • koolgal
      Thanks
      2021-05-27
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  • Slowdownpok
    ·2021-05-27
    What a big miss for snowflake…. 
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  • JoelLee
    ·2021-05-27
    Good news! Please reply thanks!
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  • JoelLee
    ·2021-05-27
    Wowowow. Like please!
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  • Longmanlee
    ·2021-05-27
    Omg
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  • TaiWoeiHaur
    ·2021-05-27
    Yes
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  • 再等等吧
    ·2021-05-27
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  • Ddsl
    ·2021-05-27
    Jialat 
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  • rsaje
    ·2021-05-27
    Like and comment please 
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    • BenYSLim
      Liked and commented
      2021-05-27
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  • oh no
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    • Ddsl
      Yup
      2021-05-27
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  • BC1970
    ·2021-05-27
    Bad day
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    • JonC1997
      Yeah
      2021-05-27
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  • TerenceD
    ·2021-05-27
    That’s ?? 
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  • WEIJIETAN
    ·2021-05-27
    hi
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  • Nn9876543
    ·2021-05-27
    Pls like n comment
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  • JonC1997
    ·2021-05-27
    Oh no
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    • JonC1997
      Thx
      2021-05-27
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    • JonC1997
      Good luck
      2021-05-27
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    • BC1970
      Sad
      2021-05-27
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  • nnavinraj
    ·2021-05-27
    Things are looking up!
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    • nnavinraj
      Are they?
      2021-05-28
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  • Roticanai
    ·2021-05-27
    Like
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    • BenYSLim
      Liked. Please reply
      2021-05-27
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  • Racheltestin
    ·2021-05-27
    Pls like and comment thanks 
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    • JessFeng
      reply my comment pls
      2021-05-27
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    • L1324
      done, pls do the same, tia
      2021-05-27
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    • JessFengReplying toL1324
      ok
      2021-05-27
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    View more 1 comments
 
 
 
 

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