Analysts Expect Splunk Inc (NASDAQ:SPLK) to Announce $0.52 EPS

Analysts expect Splunk Inc (NASDAQ:SPLK) to announce earnings of $0.52 per share for the current fiscal quarter, according to Zacks. Ten analysts have provided estimates for Splunk’s earnings, with estimates ranging from $0.45 to $0.65. Splunk reported earnings per share of $0.38 in the same quarter last year, which suggests a positive year-over-year growth rate of 36.8%. The firm is scheduled to report its next quarterly earnings results on Thursday, December 5th.

On average, analysts expect that Splunk will report full year earnings of $1.86 per share for the current fiscal year, with EPS estimates ranging from $1.68 to $2.11. For the next financial year, analysts expect that the firm will report earnings of $2.29 per share, with EPS estimates ranging from $2.05 to $2.90. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Splunk.

Splunk (NASDAQ:SPLK) last released its quarterly earnings results on Wednesday, August 21st. The software company reported ($0.35) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.51) by $0.16. Splunk had a negative net margin of 15.16% and a negative return on equity of 12.73%. The business had revenue of $516.56 million for the quarter, compared to analysts’ expectations of $488.97 million. During the same period in the prior year, the firm earned $0.08 earnings per share. Splunk’s revenue was up 33.0% compared to the same quarter last year.

SPLK has been the topic of several research analyst reports. BidaskClub raised shares of Splunk from a “hold” rating to a “buy” rating in a research note on Tuesday, September 24th. Citigroup decreased their price target on shares of Splunk from $106.00 to $102.00 and set a “sell” rating on the stock in a research note on Friday, August 23rd. JPMorgan Chase & Co. upgraded shares of Splunk from a “neutral” rating to an “overweight” rating and set a $130.00 price objective on the stock in a report on Tuesday, September 17th. BMO Capital Markets restated an “outperform” rating and issued a $155.00 price objective on shares of Splunk in a report on Thursday, August 22nd. Finally, Goldman Sachs Group increased their price objective on shares of Splunk from $131.00 to $119.00 and gave the company a “neutral” rating in a report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-four have assigned a buy rating to the company’s stock. Splunk presently has a consensus rating of “Buy” and an average price target of $146.11.

In other Splunk news, CEO Douglas Merritt sold 13,341 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $115.20, for a total value of $1,536,883.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Timothy Tully sold 4,391 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $115.21, for a total transaction of $505,887.11. The disclosure for this sale can be found here. Company insiders own 0.34% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its position in shares of Splunk by 5.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 166,204 shares of the software company’s stock worth $17,425,000 after acquiring an additional 8,366 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Splunk by 5.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,212 shares of the software company’s stock worth $774,000 after acquiring an additional 296 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Splunk by 2.8% during the first quarter. Parametric Portfolio Associates LLC now owns 175,112 shares of the software company’s stock worth $21,819,000 after acquiring an additional 4,837 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Splunk by 7.8% during the first quarter. Envestnet Asset Management Inc. now owns 102,033 shares of the software company’s stock worth $12,713,000 after acquiring an additional 7,388 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of Splunk by 3.8% during the first quarter. Swiss National Bank now owns 489,500 shares of the software company’s stock worth $60,992,000 after acquiring an additional 17,800 shares in the last quarter. Institutional investors own 91.07% of the company’s stock.

Shares of SPLK traded up $3.92 during mid-day trading on Monday, hitting $122.85. 1,386,581 shares of the company traded hands, compared to its average volume of 1,811,113. Splunk has a one year low of $83.69 and a one year high of $143.70. The company has a current ratio of 3.06, a quick ratio of 3.06 and a debt-to-equity ratio of 1.30. The business has a 50-day moving average of $116.75 and a 200 day moving average of $125.64. The stock has a market capitalization of $18.59 billion, a price-to-earnings ratio of -77.26 and a beta of 2.06.

Splunk Company Profile

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.

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Earnings History and Estimates for Splunk (NASDAQ:SPLK)

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