Wall Street analysts predict that Splunk Inc (NASDAQ:SPLK) will post $0.31 earnings per share for the current quarter, according to Zacks. Fourteen analysts have provided estimates for Splunk’s earnings. The highest EPS estimate is $0.34 and the lowest is $0.29. Splunk reported earnings per share of $0.17 during the same quarter last year, which would suggest a positive year over year growth rate of 82.4%. The company is scheduled to report its next earnings report after the market closes on Thursday, November 29th.

On average, analysts expect that Splunk will report full year earnings of $1.09 per share for the current year, with EPS estimates ranging from $1.04 to $1.29. For the next fiscal year, analysts expect that the business will report earnings of $1.57 per share, with EPS estimates ranging from $1.37 to $1.94. Zacks’ earnings per share averages are a mean average based on a survey of research firms that cover Splunk.

Splunk (NASDAQ:SPLK) last posted its quarterly earnings data on Thursday, August 23rd. The software company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.03. The firm had revenue of $388.30 million for the quarter, compared to analysts’ expectations of $358.46 million. Splunk had a negative return on equity of 26.44% and a negative net margin of 20.55%. The company’s quarterly revenue was up 38.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.08 EPS.

Several analysts recently weighed in on SPLK shares. BidaskClub lowered Splunk from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 20th. Bank of America raised their price objective on Splunk from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 16th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $135.00 price objective on shares of Splunk in a research note on Sunday, August 26th. Wells Fargo & Co raised their price objective on Splunk from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, August 24th. Finally, Zacks Investment Research raised Splunk from a “hold” rating to a “buy” rating and set a $139.00 price objective on the stock in a research note on Tuesday, August 28th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $126.69.

In other news, CFO David F. Conte sold 15,519 shares of the firm’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $125.29, for a total transaction of $1,944,375.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark T. Carges sold 2,091 shares of the firm’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $124.87, for a total value of $261,103.17. Following the transaction, the director now owns 19,444 shares of the company’s stock, valued at $2,427,972.28. The disclosure for this sale can be found here. Insiders have sold 69,032 shares of company stock worth $8,640,864 over the last three months. Insiders own 0.36% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Legal & General Group Plc raised its position in shares of Splunk by 4.1% during the third quarter. Legal & General Group Plc now owns 801,771 shares of the software company’s stock worth $96,942,000 after acquiring an additional 31,601 shares during the last quarter. B. Riley Wealth Management Inc. bought a new position in shares of Splunk during the third quarter worth about $460,000. Nordea Investment Management AB raised its position in shares of Splunk by 4.1% during the third quarter. Nordea Investment Management AB now owns 121,872 shares of the software company’s stock worth $14,735,000 after acquiring an additional 4,761 shares during the last quarter. Neuberger Berman Group LLC raised its position in shares of Splunk by 32.3% during the third quarter. Neuberger Berman Group LLC now owns 229,423 shares of the software company’s stock worth $27,740,000 after acquiring an additional 56,045 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Splunk by 245.5% during the third quarter. AQR Capital Management LLC now owns 431,412 shares of the software company’s stock worth $52,162,000 after acquiring an additional 306,564 shares during the last quarter. Institutional investors own 87.82% of the company’s stock.

Shares of SPLK traded down $1.41 during trading hours on Tuesday, hitting $87.86. 183,099 shares of the company were exchanged, compared to its average volume of 3,061,764. The firm has a market cap of $14.58 billion, a P/E ratio of -66.34 and a beta of 2.15. Splunk has a fifty-two week low of $76.89 and a fifty-two week high of $130.00.

About Splunk

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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Earnings History and Estimates for Splunk (NASDAQ:SPLK)

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