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

Splunk

28/11/2023 22:01

* Splunk Inc  SPLK.OQ  reported quarterly adjusted earnings
of
$1.52​​ per share for the quarter ended in October, higher than
the same quarter last year, when the company reported EPS of 83
cents.  The mean expectation of thirty analysts for the quarter
was for earnings of $1.14 per share. Wall Street expected
results to range from 94 cents to $1.30 per share.
    * Revenue rose 14.8% to $1.07 billion from a year ago;
analysts
expected $1.03 billion. 
    * Splunk Inc's reported EPS for the quarter was 55 cents​.
    * The company reported quarterly net income of $96.85
million.
    * Splunk Inc shares had risen by 3.7% this quarter and
gained 76.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2% 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 7 "strong buy" or "buy," 27
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Splunk Inc
is
$157.00 

This summary was machine generated from LSEG data November 28 at
10:00 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Oct. 31 2023      1.14           1.52           Beat
 Jul. 31 2023      0.45           0.71           Beat
 Apr. 30 2023      -0.13          0.18           Beat
 Jan. 31 2023      1.15           2.04           Beat