Splunk Inc reports results for the quarter ended in January - Earnings Summary

Splunk

27/02/2024 22:56

* Splunk Inc  SPLK.OQ  reported quarterly adjusted earnings
of
$3.02​​ per share for the quarter ended in January, higher than
the same quarter last year, when the company reported EPS of
$2.04.  The mean expectation of twenty seven analysts for the
quarter was for earnings of $1.95 per share. Wall Street
expected results to range from $1.69  to $2.57 per share.
    * Revenue rose 18.8% to $1.49 billion from a year ago;
analysts
expected $1.28 billion. 
    * Splunk Inc's reported EPS for the quarter was $2.28​.
    * The company reported quarterly net income of $426.55
million.
    * Splunk Inc shares had risen by 2.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 8% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 28
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "hold"

Wall Street's median 12-month price target for Splunk Inc is
$157.00 
This summary was machine generated from LSEG data February 27 at
10:55 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jan. 31 2024      1.95           3.02           Beat
 Oct. 31 2023      1.14           1.52           Beat
 Jul. 31 2023      0.45           0.71           Beat
 Apr. 30 2023      -0.13          0.18           Beat