Should i buy splunk stock1/20/2024 Meanwhile, SPLK's PEG ratio is currently 1.28. This valuation marks a discount compared to its industry's average Forward P/E of 38.24. Valuation is also important, so investors should note that Splunk has a Forward P/E ratio of 31.52 right now. Splunk is holding a Zacks Rank of #3 (Hold) right now. Over the past month, the Zacks Consensus EPS estimate remained stagnant. 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). This model considers these estimate changes and provides a simple, actionable rating system. Investors can capitalize on this by using the Zacks Rank. 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. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $888.15 million, up 11.19% from the year-ago period.įor the full year, our Zacks Consensus Estimates are projecting earnings of $3.13 per share and revenue of $3.9 billion, which would represent changes of +16.36% and +6.79%, respectively, from the prior year. The company is expected to report EPS of $0.42, up 366.67% from the prior-year quarter. Wall Street will be looking for positivity from Splunk as it approaches its next earnings report date. This has lagged the Computer and Technology sector's loss of 2.82% and the S&P 500's loss of 0.27% in that time. Prior to today's trading, shares of the maker of software that helps companies collect and analyze internal data had lost 11.23% over the past month. Meanwhile, the Dow lost 1.02%, and the Nasdaq, a tech-heavy index, lost 1.14%. This change was narrower than the S&P 500's 1.16% loss on the day. Splunk ( SPLK Quick Quote SPLK - Free Report) closed the most recent trading day at $98.04, moving -0.57% from the previous trading session.
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