Brokerages expect that Splunk Inc (NASDAQ:SPLK) will report $0.33 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Eleven analysts have provided 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 posted earnings of $0.41 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 19.5%. The firm is scheduled to announce its next quarterly earnings report on Thursday, February 22nd.

According to Zacks, analysts expect that Splunk will report full year earnings of $0.58 per share for the current financial year, with EPS estimates ranging from $0.52 to $0.67. For the next fiscal year, analysts forecast that the company will report earnings of $0.85 per share, with EPS estimates ranging from $0.76 to $1.12. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Splunk.

Splunk (NASDAQ:SPLK) last posted its quarterly earnings results on Thursday, November 16th. The software company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.42) by $0.59. The company had revenue of $328.65 million for 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%.

SPLK has been the topic of several research reports. Cowen reaffirmed a “buy” rating on shares of Splunk in a report on Friday, August 18th. Canaccord Genuity reaffirmed a “buy” rating and issued a $90.00 price target (up previously from $80.00) on shares of Splunk in a report on Friday, November 17th. Robert W. Baird reaffirmed an “average” rating and issued a $85.00 price target (up previously from $75.00) on shares of Splunk in a report on Monday, November 20th. Maxim Group reaffirmed a “buy” rating and issued a $85.00 price target on shares of Splunk in a report on Friday, August 25th. Finally, Piper Jaffray Companies upped their price target on Splunk to $85.00 and gave the company an “overweight” rating in a report on Friday, November 17th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty-eight have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $82.74.

Splunk (SPLK) opened at $82.46 on Friday. Splunk has a twelve month low of $50.64 and a twelve month high of $84.88.

In other news, CFO David F. Conte sold 21,589 shares of the business’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $68.99, for a total transaction of $1,489,425.11. Following the transaction, the chief financial officer now directly owns 161,022 shares in the company, valued at approximately $11,108,907.78. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO David F. Conte sold 6,993 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $80.73, for a total transaction of $564,544.89. Following the transaction, the chief financial officer now owns 110,364 shares in the company, valued at $8,909,685.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 386,916 shares of company stock worth $26,202,550. 1.43% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its holdings in Splunk by 99.8% in the second quarter. BNP Paribas Arbitrage SA now owns 27,726 shares of the software company’s stock worth $1,577,000 after purchasing an additional 13,849 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in Splunk by 7.3% in the second quarter. Advisors Asset Management Inc. now owns 15,167 shares of the software company’s stock worth $863,000 after purchasing an additional 1,032 shares in the last quarter. Swiss National Bank boosted its holdings in Splunk by 3.8% in the second quarter. Swiss National Bank now owns 494,700 shares of the software company’s stock worth $28,143,000 after purchasing an additional 17,900 shares in the last quarter. Royal Bank of Canada boosted its holdings in Splunk by 13.5% in the second quarter. Royal Bank of Canada now owns 52,243 shares of the software company’s stock worth $2,972,000 after purchasing an additional 6,212 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in Splunk by 1.2% in the second quarter. Legal & General Group Plc now owns 547,738 shares of the software company’s stock worth $31,160,000 after purchasing an additional 6,713 shares in the last quarter.

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About Splunk

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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Earnings History and Estimates for Splunk (NASDAQ:SPLK)

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