Snowflake SNOW is set to release third-quarter fiscal 2022 results on Dec 1.The Zacks Consensus Estimate for the top line is currently pegged at $304 million, up 90.5%. The consensus mark for the bottom line has been unchanged at loss of 6 cents per share over the past 30 days.Snowflake’s earnings missed the Zacks Consensus Estimate in three of the trailing four quarters, beating once, with the average negative earnings surprise being 2.45%.Let’s see how things have shaped up for Snowflake prior to this announcement: Snowflake Inc. Price and EPS Surprise Snowflake Inc. price-eps-surprise | Snowflake Inc. Quote Factors to ConsiderSnowflake’s third-quarter fiscal 2022 results are expected to reflect the ongoing transition from cloud-based repositories and on-premise data centers to the Data Cloud.Strong adoption of its cloud-native solutions from Media and telecom, technology, financial services and health care customers is expected to have aided Snowflake’s top-line growth in the to-be reported quarter. Moreover, growth in exposure to the data warehousing market and an expanding enterprise customer base are expected to have driven top-line growth.At the end of the fiscal second quarter, the company had 4,990 total customers and 116 customers with trailing 12-month product revenues greater than $1 million, an increase from 104 customers in the previous quarter. The momentum is expected to have continued in the to-be-reported quarter.Key Developments in Q3In the fiscal third quarter, Snowflake and Citi C announced a strategic initiative to provide a frictionless solution for post-trade processes across the industry.The partnership combines Snowflake’s powerful and secure data sharing and multi-party permissioning capabilities, and Citi’s extensive market expertise with the industry-leading proprietary custody network spanning over 60 markets and its top global markets franchise, in Snowflake’s Data Cloud provider-agnostic cloud environment. Snowflake announced the Financial Services Data Cloud solutionin the reported quarter.What Our Model IndicatesPer the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.Snowflake has an Earnings ESP of 1.82% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Other Stocks to ConsiderHere are a few other companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:CrowdStrike CRWD has an Earnings ESP of +0.92% and a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.CrowdStrike shares have returned 9% year to date compared with the Zacks Internet Software industry’s decline of 15%. CrowdStrike has underperformed the Computer & Technology sector’s return of 26.2% year to date.Coupa Software COUP has an Earnings ESP of +41.18% and a Zacks Rank of 3.Coupa shares have declined 40.1% year to date compared with the Zacks Internet Software industry’s decline of 15%. Coupa has underperformed the Computer & Technology sector’s return of 26.2% year to date. Bitcoin, Like the Internet Itself, Could Change Everything Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities. Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. See 3 crypto-related stocks now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Citigroup Inc. (C): Free Stock Analysis Report Coupa Software, Inc. (COUP): Free Stock Analysis Report Snowflake Inc. (SNOW): Free Stock Analysis Report CrowdStrike (CRWD): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research