Zacks: Brokerages Anticipate Splunk Inc (NASDAQ:SPLK) to Post -$0.14 EPS

Wall Street analysts expect Splunk Inc (NASDAQ:SPLK) to post earnings of ($0.14) per share for the current fiscal quarter, Zacks reports. Thirteen analysts have provided estimates for Splunk’s earnings. The highest EPS estimate is ($0.11) and the lowest is ($0.16). Splunk posted earnings per share of $0.08 in the same quarter last year, which would indicate a negative year-over-year growth rate of 275%. The company is scheduled to announce its next quarterly earnings results on Thursday, August 22nd.

On average, analysts expect that Splunk will report full year earnings of $1.80 per share for the current year, with EPS estimates ranging from $1.67 to $2.12. For the next fiscal year, analysts anticipate that the business will report earnings of $2.33 per share, with EPS estimates ranging from $2.02 to $2.88. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that cover Splunk.

Splunk (NASDAQ:SPLK) last posted its quarterly earnings results on Thursday, May 23rd. The software company reported ($0.85) EPS for the quarter, missing the consensus estimate of ($0.77) by ($0.08). The firm had revenue of $424.90 million for the quarter, compared to analyst estimates of $395.92 million. Splunk had a negative return on equity of 14.98% and a negative net margin of 16.31%. The company’s revenue was up 36.4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.07) EPS.

SPLK has been the topic of a number of recent analyst reports. Wedbush upped their price target on shares of Splunk from $159.00 to $163.00 and gave the stock an “outperform” rating in a research note on Friday, May 24th. BidaskClub raised shares of Splunk from a “hold” rating to a “buy” rating in a research note on Friday, July 12th. ValuEngine raised shares of Splunk from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 2nd. Zacks Investment Research raised shares of Splunk from a “sell” rating to a “hold” rating in a research note on Wednesday, May 29th. Finally, Mitsubishi UFJ Financial Group increased their price objective on shares of Splunk to $159.00 and gave the company an “overweight” rating in a research note on Friday, May 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $144.27.

Shares of NASDAQ:SPLK traded down $2.18 during trading on Wednesday, hitting $135.31. 1,079,826 shares of the company were exchanged, compared to its average volume of 1,664,241. The stock has a market capitalization of $20.32 billion, a PE ratio of -85.10 and a beta of 2.06. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 1.29. Splunk has a 12-month low of $83.69 and a 12-month high of $143.70. The company has a 50 day moving average of $130.30.

In related news, SVP Timothy Tully sold 4,624 shares of Splunk stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $115.59, for a total transaction of $534,488.16. Following the sale, the senior vice president now directly owns 117,261 shares in the company, valued at $13,554,198.99. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Ledger Susan St. sold 2,221 shares of Splunk stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $119.96, for a total transaction of $266,431.16. Following the sale, the insider now owns 235,094 shares in the company, valued at $28,201,876.24. The disclosure for this sale can be found here. Insiders sold 31,813 shares of company stock worth $3,676,685 over the last quarter. 0.34% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Cable Hill Partners LLC acquired a new position in Splunk during the first quarter worth about $25,000. Manchester Financial Inc. acquired a new position in Splunk during the second quarter worth about $29,000. Bessemer Group Inc. grew its holdings in Splunk by 192.2% during the fourth quarter. Bessemer Group Inc. now owns 301 shares of the software company’s stock worth $32,000 after acquiring an additional 198 shares during the period. Whittier Trust Co. grew its holdings in Splunk by 115.0% during the second quarter. Whittier Trust Co. now owns 273 shares of the software company’s stock worth $34,000 after acquiring an additional 146 shares during the period. Finally, Trustcore Financial Services LLC acquired a new position in Splunk during the first quarter worth about $37,000. Institutional investors and hedge funds own 91.98% of the company’s stock.

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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