Splunk Inc. (NASDAQ:SPLK) Expected to Post Earnings of -$0.17 Per Share – MarketBeat

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Wall Street brokerages predict that Splunk Inc. (NASDAQ:SPLK) will announce ($0.17) earnings per share for the current fiscal quarter, according to Zacks. Twelve analysts have provided estimates for Splunk’s earnings, with estimates ranging from ($0.40) to $0.29. Splunk reported earnings of $0.38 per share in the same quarter last year, which indicates a negative year over year growth rate of 144.7%. The company is scheduled to report its next quarterly earnings report on Wednesday, March 2nd.
According to Zacks, analysts expect that Splunk will report full year earnings of ($2.09) per share for the current year, with EPS estimates ranging from ($2.33) to ($1.62). For the next year, analysts expect that the company will report earnings of ($1.46) per share, with EPS estimates ranging from ($2.87) to ($0.44). Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Splunk.
Splunk (NASDAQ:SPLK) last released its quarterly earnings results on Wednesday, December 1st. The software company reported ($0.37) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.36) by $0.99. Splunk had a negative return on equity of 89.54% and a negative net margin of 53.14%. The company had revenue of $664.75 million for the quarter, compared to analyst estimates of $646.52 million. During the same period in the previous year, the company posted ($0.96) earnings per share. The firm’s revenue was up 19.0% on a year-over-year basis.
A number of analysts recently commented on the company. JMP Securities reiterated a “buy” rating and set a $174.00 price objective on shares of Splunk in a research report on Thursday, December 2nd. Royal Bank of Canada reduced their price target on Splunk from $210.00 to $190.00 and set an “outperform” rating for the company in a research report on Thursday, December 2nd. They noted that the move was a valuation call. Piper Sandler reduced their price target on Splunk from $190.00 to $160.00 and set an “overweight” rating for the company in a research report on Thursday, December 2nd. Mizuho reduced their price target on Splunk from $165.00 to $135.00 and set a “neutral” rating for the company in a research report on Thursday, December 2nd. Finally, Rosenblatt Securities reduced their price target on Splunk from $196.00 to $185.00 and set a “buy” rating for the company in a research report on Thursday, December 2nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $166.96.(adsbygoogle = window.adsbygoogle || []).push({});
Shares of SPLK stock traded down $0.37 during mid-day trading on Friday, hitting $115.72. The company’s stock had a trading volume of 1,545,481 shares, compared to its average volume of 2,185,617. Splunk has a 52-week low of $105.45 and a 52-week high of $178.18. The business has a 50-day moving average price of $133.46 and a 200 day moving average price of $141.88. The company has a debt-to-equity ratio of 17.42, a quick ratio of 1.78 and a current ratio of 1.78. The stock has a market cap of $18.37 billion, a price-to-earnings ratio of -14.06 and a beta of 1.33.
In other Splunk news, Director Graham Smith sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 26th. The stock was sold at an average price of $170.00, for a total transaction of $255,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Elisa Steele sold 250 shares of the company’s stock in a transaction that occurred on Tuesday, October 12th. The shares were sold at an average price of $155.00, for a total value of $38,750.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,305 shares of company stock valued at $501,107. 0.27% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Achmea Investment Management B.V. purchased a new stake in shares of Splunk in the third quarter worth approximately $29,000. Consolidated Planning Corp purchased a new position in Splunk during the 3rd quarter worth $29,000. PNC Managed Account Solutions Inc. purchased a new position in Splunk during the 2nd quarter worth $31,000. Cedar Wealth Management LLC purchased a new position in Splunk during the 2nd quarter worth $33,000. Finally, Koshinski Asset Management Inc. purchased a new position in Splunk during the 3rd quarter worth $37,000. Hedge funds and other institutional investors own 83.17% of the company’s stock.
About Splunk
Splunk, Inc engages in the development and marketing of software solutions. Its products include Splunk cloud, Splunk light and Splunk enterprise. It also offers solutions for information technology operations, security, internet-of-things, application analytics, business analytics and industries. The company was founded by Erik M.
See Also: Limitations of analyzing profit margin
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