Brokerages forecast that Splunk Inc (NASDAQ:SPLK) will post $0.34 earnings per share for the current quarter, according to Zacks. Eleven analysts have made estimates for Splunk’s earnings, with the lowest EPS estimate coming in at $0.30 and the highest estimate coming in at $0.42. Splunk reported earnings of $0.41 per share in the same quarter last year, which would indicate a negative year over year growth rate of 17.1%. The company is expected to issue its next earnings results on Thursday, February 22nd.
According to Zacks, analysts expect that Splunk will report full-year earnings of $0.59 per share for the current year, with EPS estimates ranging from $0.56 to $0.67. For the next financial year, analysts expect that the firm will post earnings of $0.86 per share, with EPS estimates ranging from $0.76 to $1.12. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Splunk.
Splunk (NASDAQ:SPLK) last announced its earnings results on Thursday, November 16th. The software company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.59. The firm had revenue of $328.65 million during the quarter, compared to analysts’ expectations of $309.01 million. Splunk had a negative return on equity of 72.06% and a negative net margin of 32.72%.
In related news, Director Godfrey Sullivan sold 40,000 shares of Splunk stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $63.53, for a total value of $2,541,200.00. Following the completion of the transaction, the director now directly owns 645,790 shares in the company, valued at $41,027,038.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Leonard R. Stein sold 4,851 shares of Splunk stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $80.54, for a total value of $390,699.54. Following the completion of the transaction, the senior vice president now owns 89,157 shares of the company’s stock, valued at $7,180,704.78. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 361,036 shares of company stock worth $24,421,392. Corporate insiders own 1.43% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. Prudential Financial Inc. boosted its stake in Splunk by 2.9% in the second quarter. Prudential Financial Inc. now owns 7,140 shares of the software company’s stock valued at $406,000 after acquiring an additional 200 shares during the period. Salem Investment Counselors Inc. boosted its stake in Splunk by 5.2% in the second quarter. Salem Investment Counselors Inc. now owns 6,465 shares of the software company’s stock valued at $368,000 after acquiring an additional 320 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Splunk by 8.5% in the second quarter. The Manufacturers Life Insurance Company now owns 4,950 shares of the software company’s stock valued at $282,000 after acquiring an additional 389 shares during the period. Voya Investment Management LLC boosted its stake in Splunk by 0.8% in the second quarter. Voya Investment Management LLC now owns 53,078 shares of the software company’s stock valued at $3,020,000 after acquiring an additional 436 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its stake in Splunk by 24.1% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,375 shares of the software company’s stock valued at $195,000 after acquiring an additional 656 shares during the period.
Splunk (NASDAQ:SPLK) traded down $0.07 on Monday, reaching $87.88. The company’s stock had a trading volume of 1,399,420 shares, compared to its average volume of 1,700,000. The stock has a market cap of $12,420.00, a P/E ratio of -39.41 and a beta of 2.07. Splunk has a 12-month low of $52.89 and a 12-month high of $88.70.
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Splunk Inc (Splunk) is engaged in the development and marketing of software solutions. The Company’s offerings enable users to collect, index, search, explore, monitor and analyze data. Its offerings address diverse data sets that are referred to as big data and are specifically used for machine data.
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