Equities research analysts expect Splunk Inc (NASDAQ:SPLK) to announce earnings of $0.05 per share for the current quarter, Zacks Investment Research reports. Fourteen analysts have provided estimates for Splunk’s earnings. The lowest EPS estimate is $0.00 and the highest is $0.08. Splunk reported earnings per share of $0.08 during the same quarter last year, which indicates a negative year-over-year growth rate of 37.5%. The firm is scheduled to issue its next quarterly earnings results on Thursday, August 23rd.
According to Zacks, analysts expect that Splunk will report full year earnings of $1.05 per share for the current year, with EPS estimates ranging from $1.00 to $1.15. For the next financial year, analysts anticipate that the business will report earnings of $1.52 per share, with EPS estimates ranging from $1.37 to $1.77. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover Splunk.
Splunk (NASDAQ:SPLK) last issued its quarterly earnings data on Thursday, May 24th. The software company reported ($0.07) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.02. The company had revenue of $311.60 million for the quarter, compared to analyst estimates of $297.58 million. Splunk had a negative net margin of 20.72% and a negative return on equity of 29.90%. The company’s revenue was up 37.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.01) earnings per share.
Several brokerages have recently weighed in on SPLK. BidaskClub lowered shares of Splunk from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 23rd. Citigroup lowered shares of Splunk from a “neutral” rating to a “sell” rating in a research report on Friday, June 15th. Wedbush reaffirmed an “equal weight” rating and set a $124.00 price target on shares of Splunk in a research report on Friday, May 25th. Deutsche Bank raised their price target on shares of Splunk from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, May 25th. Finally, Bank of America raised their price target on shares of Splunk from $124.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, May 25th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, thirty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Splunk has a consensus rating of “Buy” and a consensus price target of $108.71.
In other news, Director Thomas M. Neustaetter sold 4,070 shares of the firm’s stock in a transaction that occurred on Tuesday, June 12th. The shares were sold at an average price of $118.70, for a total value of $483,109.00. Following the sale, the director now directly owns 10,981 shares in the company, valued at approximately $1,303,444.70. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Douglas Merritt sold 33,734 shares of the firm’s stock in a transaction that occurred on Thursday, April 5th. The shares were sold at an average price of $98.71, for a total transaction of $3,329,883.14. Following the completion of the sale, the insider now owns 318,894 shares in the company, valued at $31,478,026.74. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 164,059 shares of company stock worth $17,513,570. 0.36% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of SPLK. First Mercantile Trust Co. acquired a new stake in Splunk during the 1st quarter worth approximately $100,000. Three Peaks Capital Management LLC acquired a new stake in Splunk during the 1st quarter worth approximately $106,000. James Hambro & Partners acquired a new stake in Splunk during the 4th quarter worth approximately $124,000. Neuberger Berman Group LLC acquired a new stake in Splunk during the 1st quarter worth approximately $204,000. Finally, United Capital Financial Advisers LLC acquired a new stake in Splunk during the 1st quarter worth approximately $224,000. Institutional investors own 92.97% of the company’s stock.
Shares of Splunk traded up $1.75, hitting $98.19, during trading hours on Thursday, according to MarketBeat. The company had a trading volume of 2,787,555 shares, compared to its average volume of 1,856,448. The firm has a market capitalization of $14.75 billion, a PE ratio of -74.95 and a beta of 1.83. Splunk has a 12 month low of $55.97 and a 12 month high of $121.64.
Splunk Company Profile
Splunk Inc provides software solutions that enable organizations to gain real-time operational intelligence in the United States and internationally. Its products enable users to collect, index, search, explore, monitor, correlate, and analyze data regardless of format or source. The company offers Splunk Enterprise, a machine data platform with collection, indexing, search, reporting, analysis, alerting, monitoring, and data management capabilities; and Splunk Cloud.
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