![]() ![]() The Internet - Software was holding an average PEG ratio of 1.71 at yesterday's closing price. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. For comparison, its industry has an average Forward P/E of 41.37, which means Splunk is trading at a discount to the group.Īlso, we should mention that SPLK has a PEG ratio of 1.37. ![]() Splunk is currently a Zacks Rank #3 (Hold).ĭigging into valuation, Splunk currently has a Forward P/E ratio of 33.97. Over the past month, the Zacks Consensus EPS estimate has moved 35.2% higher. It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). Our system takes these estimate changes into account and delivers a clear, actionable rating model. We developed the Zacks Rank to capitalize on this phenomenon. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. These revisions typically reflect the latest short-term business trends, which can change frequently. Investors should also note any recent changes to analyst estimates for Splunk. These results would represent year-over-year changes of +16.36% and +6.83%, respectively. SPLK's full-year Zacks Consensus Estimates are calling for 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. ![]() This would mark year-over-year growth of 366.67%. In that report, analysts expect Splunk to post earnings of $0.42 per share. All rights reserved.Investors will be hoping for strength from Splunk as it approaches its next earnings release. All other brand names, product names, or trademarks belong to their respective owners. in the United States and other countries. Splunk, Splunk>, and Turn Data Into Doing are trademarks and registered trademarks of Splunk Inc. Organizations trust Splunk to prevent security, infrastructure and application issues from becoming major incidents, absorb shocks from digital disruptions, and accelerate digital transformation. Splunk helps build a safer and more resilient digital world. A live audio webcast and replay of the conference call will also be available on Splunk’s Investor Relations website at. or (646) 307-1963 from international locations and referencing conference ID 3063836. Interested parties may access the call by dialing (800) 715-9871 in the U.S. ET) to discuss financial results and business highlights. Splunk’s executive management team will host a conference call beginning at 1:30 p.m. Results will be included in a press release with accompanying financial information that will be released after market close and posted on the Splunk Investor Relations website. (NASDAQ: SPLK), the cybersecurity and observability leader, will report results for its first quarter ended Apon Wednesday, May 24, 2023. SAN FRANCISCO-( BUSINESS WIRE)- Splunk Inc. ![]()
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