11/6/2023 0 Comments Splunk stock zacks![]() ![]() Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. The monthly returns are then compounded to arrive at the annual return. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. These returns cover a period from Januthrough July 31, 2023. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. and Morningstar, Inc.Ĭopyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606Īt the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Forbes Media, LLC Investor's Business Daily, Inc. Each of the company logos represented herein are trademarks of Microsoft Corporation Dow Jones & Company Nasdaq, Inc. ![]() This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. You can find more information on all of these metrics, and much more, on. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. This industry currently has a Zacks Industry Rank of 86, which puts it in the top 35% of all 250+ industries. The Internet - Software industry is part of the Computer and Technology sector. The Internet - Software was holding an average PEG ratio of 1.62 at yesterday's closing price. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Investors should also note that SPLK has a PEG ratio of 1.3 right now. For comparison, its industry has an average Forward P/E of 38.97, which means Splunk is trading at a discount to the group. Splunk is holding a Zacks Rank of #3 (Hold) right now.ĭigging into valuation, Splunk currently has a Forward P/E ratio of 32.03. ![]() The Zacks Consensus EPS estimate remained stagnant within the past month. 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). To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. Our research shows that these estimate changes are directly correlated with near-term stock prices. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. Recent revisions tend to reflect the latest near-term business trends. Investors might also notice recent changes to analyst estimates for Splunk. These totals would mark changes of +16.36% and +6.83%, respectively, from last year. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.13 per share and revenue of $3.9 billion. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $888.03 million, up 11.18% from the year-ago period. On that day, Splunk is projected to report earnings of $0.42 per share, which would represent year-over-year growth of 366.67%. Wall Street will be looking for positivity from Splunk as it approaches its next earnings report date. In that same time, the Computer and Technology sector gained 1.4%, while the S&P 500 gained 2.35%. Meanwhile, the Dow lost 0.54%, and the Nasdaq, a tech-heavy index, lost 1.17%.Ĭoming into today, shares of the maker of software that helps companies collect and analyze internal data had lost 4.5% in the past month. This change lagged the S&P 500's daily loss of 0.7%. Splunk ( SPLK Quick Quote SPLK - Free Report) closed at $99.27 in the latest trading session, marking a -0.93% move from the prior day. ![]()
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