Zacks: Analysts Expect Splunk Inc (NASDAQ:SPLK) to Post -$0.30 EPS

Equities research analysts expect Splunk Inc (NASDAQ:SPLK) to post earnings per share of ($0.30) for the current fiscal quarter, according to Zacks. Eleven analysts have made estimates for Splunk’s earnings. The lowest EPS estimate is ($0.43) and the highest is ($0.11). Splunk posted earnings per share of $0.30 in the same quarter last year, which suggests a negative year-over-year growth rate of 200%. The business is scheduled to announce its next quarterly earnings results on Wednesday, August 19th.

On average, analysts expect that Splunk will report full-year earnings of ($0.27) per share for the current fiscal year, with EPS estimates ranging from ($0.73) to $0.18. For the next year, analysts expect that the company will post earnings of $0.89 per share, with EPS estimates ranging from $0.05 to $1.58. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Splunk.

Splunk (NASDAQ:SPLK) last announced its earnings results on Thursday, May 21st. The software company reported ($0.56) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.57) by $0.01. The business had revenue of $434.08 million during the quarter, compared to analyst estimates of $443.60 million. Splunk had a negative net margin of 20.56% and a negative return on equity of 17.40%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.02 EPS.

Several equities research analysts have recently commented on the company. Bank of America upped their price objective on Splunk from $175.00 to $208.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. ValuEngine upgraded Splunk from a “hold” rating to a “buy” rating in a research note on Tuesday, March 10th. JMP Securities upped their price objective on Splunk from $155.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, May 22nd. Stifel Nicolaus upped their price objective on Splunk from $160.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Finally, Wedbush upped their price objective on Splunk from $180.00 to $204.00 and gave the stock an “outperform” rating in a research note on Friday, May 22nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $178.22.

In related news, CEO Douglas Merritt sold 7,001 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $100.07, for a total value of $700,590.07. Following the completion of the transaction, the chief executive officer now owns 267,563 shares of the company’s stock, valued at approximately $26,775,029.41. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Scott Morgan sold 4,332 shares of the stock in a transaction dated Monday, March 30th. The shares were sold at an average price of $126.87, for a total transaction of $549,600.84. Following the completion of the transaction, the senior vice president now directly owns 97,621 shares of the company’s stock, valued at approximately $12,385,176.27. The disclosure for this sale can be found here. Insiders have sold a total of 135,689 shares of company stock valued at $20,047,106 in the last three months. Insiders own 0.34% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. raised its position in Splunk by 42.4% in the 4th quarter. Meeder Asset Management Inc. now owns 198 shares of the software company’s stock worth $30,000 after purchasing an additional 59 shares during the period. Golden State Wealth Management LLC purchased a new stake in Splunk in the 1st quarter worth about $30,000. Harbor Investment Advisory LLC raised its position in Splunk by 1,513.3% in the 1st quarter. Harbor Investment Advisory LLC now owns 242 shares of the software company’s stock worth $31,000 after purchasing an additional 227 shares during the period. Orion Portfolio Solutions LLC purchased a new stake in Splunk in the 4th quarter worth about $35,000. Finally, Citizens Financial Group Inc RI raised its position in Splunk by 645.8% in the 4th quarter. Citizens Financial Group Inc RI now owns 358 shares of the software company’s stock worth $53,000 after purchasing an additional 310 shares during the period. 92.86% of the stock is owned by hedge funds and other institutional investors.

SPLK traded up $5.14 during mid-day trading on Monday, reaching $178.88. 1,496,170 shares of the company traded hands, compared to its average volume of 2,385,162. The stock has a market capitalization of $27.60 billion, a P/E ratio of -56.97 and a beta of 1.61. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 1.16. The company’s fifty day moving average price is $161.48 and its 200-day moving average price is $148.62. Splunk has a 52-week low of $93.92 and a 52-week high of $192.75.

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.

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Earnings History and Estimates for Splunk (NASDAQ:SPLK)

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