PREVIEW: Splunk's Q4 profit, revenue seen climbing
01/03/2023 19:59
** Shares in software co Splunk Inc SPLK.O up 0.4% ahead of
quarterly report due out after market close
** SPLK expected to report Q4 EPS of $1.15 vs $0.66 in
year-ago quarter on rev of $1.07 bln, which would be up 19% from
Q4 2021, according to Refinitiv
** In last 8 quarters rev beat estimates every time while
EPS beat 7 times with miss in Q1 2021 (29.3%)
** YTD SPLK up 19.9% after falling 25.6% in 2022 compared
with Nasdaq .IXIC YTD gain of 8.6% vs 2022 decline of 33%
** Stock last traded at $102.96 vs median PT of $114.00
according to Refinitiv which shows 44 analysts covering the
company with 10 'stong buy' ratings, 19 'buy' ratings and 15
'hold' recommendations
(Reporting By Sinéad Carew)
((sinead.carew@thomsonreuters.com;))