Analysts Expect Splunk Inc. (SPLK) Will Post Earnings of $0.14 Per Share
Wall Street brokerages predict that Splunk Inc. (NASDAQ:SPLK) will post earnings per share (EPS) of $0.14 for the current fiscal quarter, Zacks Investment Research reports. Twelve analysts have provided estimates for Splunk’s earnings, with the lowest EPS estimate coming in at $0.13 and the highest estimate coming in at $0.19. Splunk reported earnings per share of $0.12 in the same quarter last year, which suggests a positive year over year growth rate of 16.7%. The company is expected to issue its next quarterly earnings results on Tuesday, December 5th.
On average, analysts expect that Splunk will report full year earnings of $0.56 per share for the current year, with EPS estimates ranging from $0.50 to $0.69. For the next financial year, analysts anticipate that the firm will post earnings of $0.83 per share, with EPS estimates ranging from $0.71 to $1.08. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Splunk.
Splunk (NASDAQ:SPLK) last announced its earnings results on Thursday, August 24th. The software company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.02. Splunk had a negative net margin of 36.81% and a negative return on equity of 75.81%. The firm had revenue of $279.96 million for the quarter, compared to analysts’ expectations of $268.72 million. During the same quarter in the previous year, the business posted $0.05 EPS. The company’s quarterly revenue was up 31.6% on a year-over-year basis.
Several equities analysts have recently commented on the company. Drexel Hamilton restated a “buy” rating and set a $93.00 price target on shares of Splunk in a research note on Thursday, July 13th. Royal Bank Of Canada restated a “buy” rating and set a $75.00 price target on shares of Splunk in a research note on Monday, July 31st. Robert W. Baird set a $71.00 price target on Splunk and gave the company a “buy” rating in a research note on Saturday, May 27th. Zacks Investment Research upgraded Splunk from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Finally, Mitsubishi UFJ Financial Group restated a “buy” rating and set a $75.00 price target on shares of Splunk in a research note on Friday, August 25th. Twelve equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. Splunk presently has a consensus rating of “Buy” and a consensus target price of $72.76.
Shares of Splunk (NASDAQ:SPLK) opened at 67.98 on Wednesday. The company’s market cap is $9.45 billion. The stock’s 50 day moving average is $61.87 and its 200-day moving average is $61.71. Splunk has a one year low of $50.64 and a one year high of $69.23.
In other news, SVP Leonard R. Stein sold 4,851 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $67.79, for a total value of $328,849.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Godfrey Sullivan sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $57.69, for a total value of $2,307,600.00. Following the completion of the sale, the director now owns 789,540 shares of the company’s stock, valued at $45,548,562.60. The disclosure for this sale can be found here. Insiders sold 335,376 shares of company stock valued at $19,845,815 over the last three months. 3.00% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of SPLK. ProShare Advisors LLC purchased a new stake in shares of Splunk in the first quarter valued at approximately $200,000. Canada Pension Plan Investment Board purchased a new stake in shares of Splunk in the first quarter valued at approximately $791,000. Great West Life Assurance Co. Can increased its position in shares of Splunk by 0.3% in the first quarter. Great West Life Assurance Co. Can now owns 68,472 shares of the software company’s stock valued at $4,260,000 after buying an additional 178 shares in the last quarter. Chicago Equity Partners LLC purchased a new stake in shares of Splunk in the first quarter valued at approximately $281,000. Finally, Advisors Asset Management Inc. increased its position in shares of Splunk by 4.5% in the first quarter. Advisors Asset Management Inc. now owns 14,135 shares of the software company’s stock valued at $880,000 after buying an additional 615 shares in the last quarter.
Splunk Company Profile
Splunk Inc (Splunk) is engaged in the development and marketing of software solutions. The Company’s offerings enable users to collect, index, search, explore, monitor and analyze data. Its offerings address diverse data sets that are referred to as big data and are specifically used for machine data.
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