Equities research analysts predict that Splunk Inc (NASDAQ:SPLK) will report earnings per share of $0.34 for the current fiscal quarter, Zacks reports. Eleven analysts have issued estimates for Splunk’s earnings, with the highest EPS estimate coming in at $0.42 and the lowest estimate coming in at $0.30. Splunk posted earnings of $0.41 per share during the same quarter last year, which would indicate a negative year over year growth rate of 17.1%. The business is scheduled to announce its next earnings report on Thursday, February 22nd.

On average, analysts expect that Splunk will report full-year earnings of $0.59 per share for the current financial year, with EPS estimates ranging from $0.56 to $0.67. For the next year, analysts forecast that the firm will post earnings of $0.86 per share, with EPS estimates ranging from $0.76 to $1.12. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Splunk.

Splunk (NASDAQ:SPLK) last issued its quarterly earnings data on Thursday, November 16th. The software company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.59. Splunk had a negative return on equity of 72.06% and a negative net margin of 32.72%. The firm had revenue of $328.65 million for the quarter, compared to analyst estimates of $309.01 million.

SPLK has been the subject of a number of recent analyst reports. KeyCorp reiterated a “buy” rating on shares of Splunk in a research report on Friday, October 27th. ValuEngine downgraded Splunk from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Maxim Group reiterated a “buy” rating and set a $79.00 target price on shares of Splunk in a research report on Friday, October 27th. Zacks Investment Research downgraded Splunk from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Finally, Needham & Company LLC initiated coverage on Splunk in a research report on Monday, October 23rd. They set a “buy” rating and a $95.00 target price for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-nine have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $84.06.

Shares of Splunk (NASDAQ:SPLK) traded up $3.44 during midday trading on Thursday, reaching $90.57. The company’s stock had a trading volume of 1,677,100 shares, compared to its average volume of 1,543,155. Splunk has a 52-week low of $52.89 and a 52-week high of $90.92. The firm has a market cap of $12,920.00, a price-to-earnings ratio of -40.61 and a beta of 2.07.

In other Splunk news, insider Ledger Susan St. sold 10,316 shares of the stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $70.17, for a total value of $723,873.72. Following the completion of the transaction, the insider now directly owns 253,102 shares in the company, valued at $17,760,167.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Godfrey Sullivan sold 8,750 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $81.29, for a total value of $711,287.50. Following the completion of the transaction, the director now owns 207,239 shares of the company’s stock, valued at $16,846,458.31. The disclosure for this sale can be found here. Insiders sold 201,036 shares of company stock valued at $14,132,192 over the last quarter. Corporate insiders own 1.43% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Zions Bancorporation acquired a new stake in shares of Splunk in the third quarter valued at about $591,000. Royal Bank of Canada increased its stake in shares of Splunk by 13.5% in the second quarter. Royal Bank of Canada now owns 52,243 shares of the software company’s stock valued at $2,972,000 after buying an additional 6,212 shares during the period. Motley Fool Asset Management LLC increased its stake in shares of Splunk by 8.4% in the third quarter. Motley Fool Asset Management LLC now owns 167,500 shares of the software company’s stock valued at $11,127,000 after buying an additional 13,000 shares during the period. Advisor Group Inc. increased its stake in shares of Splunk by 51.4% in the third quarter. Advisor Group Inc. now owns 6,126 shares of the software company’s stock valued at $406,000 after buying an additional 2,080 shares during the period. Finally, Sit Investment Associates Inc. increased its stake in shares of Splunk by 23.4% in the third quarter. Sit Investment Associates Inc. now owns 24,275 shares of the software company’s stock valued at $1,613,000 after buying an additional 4,600 shares during the period.

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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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