Snowflake set to report second-quarter fiscal 2027 earnings today
Snowflake is scheduled to report second-quarter fiscal 2027 earnings after market close today, with analysts looking for EPS of 45 cents on revenue of $1.48 billion.
Snowflake Inc. (NYSE: SNOW ) shares are in the spotlight, with earnings on deck today, recent analyst activity, and a technical setup showing a cooling pace within a bullish structure.
Snowflake shares are under pressure.
What’s driving SNOW stock lower? Earnings Preview & History Snowflake is scheduled to report second-quarter fiscal 2027 earnings today after market close.
Analysts estimate EPS of 45 cents along with revenue of $1.48 billion.
For the prior quarter, Snowflake reported EPS of 39 cents, beating the consensus estimate of 32 cents.
The company also posted revenue of $1.39 billion, beating the consensus estimate of $1.32 billion.
What to Watch: Product Growth, Retention, and Margin Signals Investors will be closely tracking product revenue growth against management’s guidance of $1.415 billion to $1.42 billion, representing 30% year-over-year growth, along with whether net revenue retention can hold near Q1’s 126% level as a sign that AI adoption is translating into actual customer spending.
Continued momentum in Cortex Code and Snowflake Intelligence will also be in focus, given both have become key growth drivers, alongside customer expansion metrics such as the number of accounts spending more than $1 million and $10 million annually.
Commentary on remaining performance obligations, which grew 38% year-over-year to $9.21 billion last quarter, and any updates to full-year margin guidance, should offer additional signals on whether Snowflake can sustain its momentum after the stock’s roughly 48% year-to-date gain.
Analyst Consensus & Recent Actions The stock carries a Buy rating with an average price forecast of $341.20.
Recent analyst moves include: Rosenblatt: Buy (Raises Target to $345.00) (Sept.
1) Cantor Fitzgerald: Overweight (Raises Target to $405.00) (Aug.
31) Barclays: Equal-Weight (Raises Target to $332.00) (Aug.
27) A Cooling Pace Within a Bullish Structure From a trend perspective, Snowflake is still in a bullish structure: it’s trading above its 50-day SMA ($291.00), 100-day SMA ($236.35), and 200-day SMA ($217.78).
The catch is the stock is now 4.8% below its 20-day SMA ($326.54), a sign the near-term pace has cooled even though the bigger uptrend remains intact.
RSI is the cleaner momentum read right now, sitting at 54.64, which points to neutral momentum rather than an overbought or oversold extreme.
In plain terms, RSI helps gauge whether buying or selling pressure is getting "stretched," and this level suggests the stock has room to move either way depending on whether buyers defend pullbacks.
The moving-average backdrop still favors bulls: the 20-day SMA is above the 50-day SMA, and the golden cross that occurred in July (50-day SMA above the 200-day SMA) keeps the longer-term trend bias positive.
Zooming out, the stock’s recent swing high in August near the 52-week high ($341.95) is the key reference for whether this pullback is just consolidation or the start of a deeper reset.
Key Resistance: $342.00 — aligns with the 52-week high area ($341.95), a zone where rallies have recently topped out Key Support: $253.50 — a prior buyer-defense area that sits above the 200-day SMA ($217.78), making it a key "line in the sand" if the pullback deepens Read Also: Stock Market Today: Dow Jones, S&P 500 Futures Rise, Nasdaq 100 Falls as US-Iran Tensions Escalate— DELL, PANW, MDB, AVGO in Focus (UPDATED) Snowflake Shares Edge Lower SNOW Price Action: At the time of publication, Snowflake shares are trading 1.97% lower at $313.50, according to data Pro.
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