The Internet - Software was holding an average PEG ratio of 1.62 at yesterday's closing price. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Investors should also note that SPLK has a PEG ratio of 1.3 right now. For comparison, its industry has an average Forward P/E of 38.97, which means Splunk is trading at a discount to the group. Splunk is holding a Zacks Rank of #3 (Hold) right now.ĭigging into valuation, Splunk currently has a Forward P/E ratio of 32.03. The Zacks Consensus EPS estimate remained stagnant within the past month. 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). To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. Our research shows that these estimate changes are directly correlated with near-term stock prices. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. Recent revisions tend to reflect the latest near-term business trends. Investors might also notice recent changes to analyst estimates for Splunk. These totals would mark changes of +16.36% and +6.83%, respectively, from last year. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.13 per share and revenue of $3.9 billion. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $888.03 million, up 11.18% from the year-ago period. On that day, Splunk is projected to report earnings of $0.42 per share, which would represent year-over-year growth of 366.67%. Wall Street will be looking for positivity from Splunk as it approaches its next earnings report date. In that same time, the Computer and Technology sector gained 1.4%, while the S&P 500 gained 2.35%. Meanwhile, the Dow lost 0.54%, and the Nasdaq, a tech-heavy index, lost 1.17%.Ĭoming into today, shares of the maker of software that helps companies collect and analyze internal data had lost 4.5% in the past month. This change lagged the S&P 500's daily loss of 0.7%. For comparison, its industry has an average Forward P/E of 42.93, which means Splunk is trading at a discount to the group.Splunk ( SPLK Quick Quote SPLK - Free Report) closed at $99.27 in the latest trading session, marking a -0.93% move from the prior day. Looking at its valuation, Splunk is holding a Forward P/E ratio of 34.16. Splunk currently has a Zacks Rank of #1 (Strong Buy). The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. 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. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. It is also important to note the recent changes to analyst estimates for Splunk. Our most recent consensus estimate is calling for quarterly revenue of $719.02 million, up 6.67% from the year-ago period.įor the full year, our Zacks Consensus Estimates are projecting earnings of $2.75 per share and revenue of $3.87 billion, which would represent changes of +2.23% and +6.05%, respectively, from the prior year. On that day, Splunk is projected to report earnings of -$0.12 per share, which would represent year-over-year growth of 62.5%. Investors will be hoping for strength from Splunk as it approaches its next earnings release. Heading into today, shares of the maker of software that helps companies collect and analyze internal data had gained 3.53% over the past month, lagging the Computer and Technology sector's gain of 7.7% and outpacing the S&P 500's gain of 3.13% in that time. Meanwhile, the Dow gained 0.3%, and the Nasdaq, a tech-heavy index, lost 2.19%. This change lagged the S&P 500's 0.1% gain on the day. In the latest trading session, Splunk (SPLK) closed at $93.14, marking a -0.72% move from the previous day.
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