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Snowflake (SNOW) shares are recovering some of their recent losses ahead of the software firm’s pivotal earnings announcement scheduled for Feb. 25 after market close. Analysts believe SNOW will report a 27% year-over-year increase in revenue to $1.25 billion and a significantly narrower loss of $0.65 a share for its fourth-quarter results.
Still, there’s reason to remain on the sidelines with Snowflake. The stock is currently down more than 30% versus its year-to-date high.