SNOW Stock Dumps Harder Than Market—Here's What's Coming

Snowflake (SNOW) took a 1.65% hit yesterday, outpacing the broader selloff (S&P 500 down 0.92%). But here’s the thing: the stock is still up 6.76% this month, crushing both the tech sector (+1.64%) and the market (+1.48%).

What matters next? Earnings on December 3, 2025.

Expectations are bullish:

• Q3 EPS: $0.31 (55% YoY growth)
• Revenue: $1.18B (+25.39% YoY)
• Full Year: $1.17 EPS (+40.96%), $4.6B revenue (+26.9%)

Analyst consensus has ticked up 0.26% in the past month, signaling confidence. SNOW currently holds a Zacks Rank #3 (Hold).

The Valuation Question: SNOW trades at a Forward P/E of 218.96—way above the industry average of 28.7. Its PEG ratio sits at 6.98 versus the software sector’s 2.1. Translation? The market is pricing in serious growth. Any miss on earnings could trigger a sharp correction.

The Bottom Line: Strong growth fundamentals, but premium valuation leaves little room for disappointment. Watch December 3 closely—this could be a make-or-break moment for the bulls.