12/30/2023 0 Comments Splunk stock ibdIn it's prior filing, the firm reported owning 10,946K shares, representing an increase of 1.66%. Primecap Management holds 11,131K shares representing 6.72% ownership of the company. H&F Corporate Investors X holds 12,800K shares representing 7.73% ownership of the company. The put/call ratio of SPLK is 0.41, indicating a bullish outlook. Total shares owned by institutions decreased in the last three months by 1.92% to 158,586K shares. Average portfolio weight of all funds dedicated to SPLK is 0.30%, a decrease of 1.59%. This is a decrease of 3 owner(s) or 0.26% in the last quarter. There are 1148 funds or institutions reporting positions in Splunk. The projected annual non-GAAP EPS is 2.48. The projected annual revenue for Splunk is 4,119MM, an increase of 12.73%. Make sure to utilize to follow all of these stock-moving metrics, and more, in the coming trading sessions.See our leaderboard of companies with the largest price target upside. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. This group has a Zacks Industry Rank of 73, putting it in the top 29% of all 250+ industries. The Internet - Software industry is part of the Computer and Technology sector. 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. Investors will be hoping for strength from Splunk as it approaches its next earnings release.
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