In terms of valuation, Splunk is currently trading at a Forward P/E ratio of 31.37. Splunk currently has a Zacks Rank of #1 (Strong Buy). The Zacks Consensus EPS estimate remained stagnant within the past month. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Our system takes these estimate changes into account and delivers a clear, actionable rating model. We developed the Zacks Rank to capitalize on this phenomenon.
SPLUNK STOCK FORECAST SOFTWARE
Heading into today, shares of the maker of software that helps companies collect and analyze. Meanwhile, the Dow gained 1.57, and the Nasdaq, a tech-heavy index, lost 3.03. This change lagged the S&P 500's 1.96 gain on the day. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.īased on our research, we believe these estimate revisions are directly related to near-team stock moves. Splunk (SPLK) closed at 86.08 in the latest trading session, marking a -0.37 move from the prior day. These revisions help to show the ever-changing nature of near-term business trends.
Investors might also notice recent changes to analyst estimates for Splunk. These results would represent year-over-year changes of +2.23% and +6.06%, respectively. SPLK's full-year Zacks Consensus Estimates are calling for earnings of $2.75 per share and revenue of $3.88 billion. Our most recent consensus estimate is calling for quarterly revenue of $719.02 million, up 6.67% from the year-ago period. This would mark year-over-year growth of 65.63%. In that report, analysts expect Splunk to post earnings of -$0.11 per share. Investors will be hoping for strength from Splunk as it approaches its next earnings release. Heading into today, shares of the maker of software that helps companies collect and analyze internal data had lost 5.54% over the past month, lagging the Computer and Technology sector's loss of 0.91% and the S&P 500's gain of 2.19% in that time. Meanwhile, the Dow gained 1.57%, and the Nasdaq, a tech-heavy index, lost 3.03%. This change lagged the S&P 500's 1.96% gain on the day. Splunk (SPLK) closed at $86.08 in the latest trading session, marking a -0.37% move from the prior day.
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