Right now, Splunk possesses a Zacks Rank of #2 (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. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability. These revisions typically reflect the latest short-term business trends, which can change frequently. Investors might also notice recent changes to analyst estimates for Splunk. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.78 per share and a revenue of $3.94 billion, indicating changes of +40.52% and +7.86%, respectively, from the former year. Alongside, our most recent consensus estimate is anticipating revenue of $1.03 billion, indicating a 10.61% upward movement from the same quarter last year. The company's upcoming EPS is projected at $1.12, signifying a 34.94% increase compared to the same quarter of the previous year. ![]() The company's earnings report is set to be unveiled on November 28, 2023. Investors will be eagerly watching for the performance of Splunk in its upcoming earnings disclosure.
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