Splunk (SPLK) Stock Sinks As Market Gains: What You Should Know
Splunk (SPLK) closed at $141.88 in the latest trading session, marking a -0.38% move from the prior day. This change lagged the S&P 500's daily gain of 0.42%.
Prior to today's trading, shares of the maker of software that helps companies collect and analyze internal data had lost 1.49% over the past month. This has lagged the Computer and Technology sector's gain of 2.29% and the S&P 500's gain of 2.64% in that time.
Investors will be hoping for strength from SPLK as it approaches its next earnings release. The company is expected to report EPS of -$0.69, down 109.09% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $562.23 million, up 14.35% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$1.48 per share and revenue of $2.52 billion, which would represent changes of -169.09% and +12.85%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for SPLK. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. SPLK is currently a Zacks Rank #4 (Sell).
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 189, putting it in the bottom 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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