![]() The current consensus EPS estimate is breakeven on $798.28 million in revenues for the coming quarter and $2.56 on $3.99 billion in revenues for the current fiscal year. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. So, the shares are expected to outperform the market in the near future. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Īhead of this earnings release, the estimate revisions trend for Splunk: favorable. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Įmpirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. ![]() There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. While Splunk has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? Splunk shares have added about 19.1% since the beginning of the year versus the S&P 500's gain of 3.4%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. The company has topped consensus revenue estimates four times over the last four quarters. This compares to year-ago revenues of $901.12 million. Splunk, which belongs to the Zacks Internet - Software industry, posted revenues of $1.25 billion for the quarter ended January 2023, surpassing the Zacks Consensus Estimate by 16.68%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. ![]() A quarter ago, it was expected that this maker of software that helps companies collect and analyze internal data would post earnings of $0.23 per share when it actually produced earnings of $0.83, delivering a surprise of 260.87%. This quarterly report represents an earnings surprise of 83.78%. These figures are adjusted for non-recurring items. This compares to earnings of $0.66 per share a year ago. This material may not be published, broadcast, written or redistributed.Splunk ( SPLK Quick Quote SPLK - Free Report) came out with quarterly earnings of $2.04 per share, beating the Zacks Consensus Estimate of $1.11 per share. This story was generated by Automated Insights () using data from Zacks Investment Research. The company expects full-year revenue in the range of $3.85 billion to $3.9 billion. Analysts surveyed by Zacks had expected revenue of $836.4 million. Revenue was reported as $3.65 billion.įor the current quarter ending in April, Splunk said it expects revenue in the range of $710 million to $725 million. ![]() Fourteen analysts surveyed by Zacks expected $1.07 billion.įor the year, the company reported a loss of $277.9 million, or $1.71 per share. The maker of software that helps companies collect and analyze internal data posted revenue of $1.25 billion in the period, also topping Street forecasts. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share. The results topped Wall Street expectations. Earnings, adjusted for one-time gains and costs, came to $2.04 per share. On a per-share basis, the San Francisco-based company said it had net income of $1.44. (SPLK) on Wednesday reported fiscal fourth-quarter profit of $268.8 million. SAN FRANCISCO (AP) - SAN FRANCISCO (AP) - Splunk Inc. Business & Finance Click to expand menu.
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