![]() We developed the Zacks Rank to capitalize on this phenomenon. 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. 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 totals would mark changes of +16.36% and +6.83%, respectively, from last year. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.13 per share and revenue of $3.9 billion. Meanwhile, our latest consensus estimate is calling for revenue of $888.03 million, up 11.18% from the prior-year quarter. On that day, Splunk is projected to report earnings of $0.42 per share, which would represent year-over-year growth of 366.67%. Wall Street will be looking for positivity from Splunk as it approaches its next earnings report date. Heading into today, shares of the maker of software that helps companies collect and analyze internal data had gained 3.99% over the past month, outpacing the Computer and Technology sector's gain of 2.63% and lagging the S&P 500's gain of 4.86% in that time. Meanwhile, the Dow gained 0.08%, and the Nasdaq, a tech-heavy index, added 0.61%. The stock outpaced the S&P 500's daily gain of 0.28%. In the latest trading session, Splunk (SPLK) closed at $104.30, marking a +0.7% move from the previous day. ![]()
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