#Splunk stock forecast software#

Splunk has an Earnings ESP of +12.76% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank. With this earnings history in mind, recent estimates have been moving higher for Splunk. For the previous quarter, the consensus estimate was $0.23 per share, while it actually produced $0.83 per share, a surprise of 260.87%.

The average surprise for the last two quarters was 172.33%.įor the most recent quarter, Splunk was expected to post earnings of $1.11 per share, but it reported $2.04 per share instead, representing a surprise of 83.78%.

#Splunk stock forecast software#

This maker of software that helps companies collect and analyze internal data has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Splunk ( SPLK Quick Quote SPLK - Free Report), which belongs to the Zacks Internet - Software industry.