![]() As you might remember from your school days, an A, is better than a B a B is better than a C a C is better than a D and a D is better than an F.Īs an investor, you want to buy stocks with the highest probability of success. Within each Score, stocks are graded into five groups: A, B, C, D and F. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score. The scores are based on the trading styles of Value, Growth, and Momentum. ![]() It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. The median price represents a 5.36% decrease from Splunk’s share price as of 24 August’s close.The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. The median 12-month price target among 35 analysts polled by CNN Money is $191.40, with a high estimate of $254 and a low of $105. This rating is held by a majority of 29 analysts, with only nine suggesting to Hold the stock, one giving it an Outperform rating and another suggesting to Sell. Splunk has a consensus Hold rating from Zacks Equity Research, which goes against the consensus among 39 analysts polled by CNN Moneyto Buy the stock. Although this could put a short-term "damper on shares," says Thill, he has maintained a Buy rating and raised the firm’s target for Splunk’s share price from $190 to $230. In light of the 33% rally Splunk’s share price has enjoyed this year-to-date, expectations for Splunk’s second-quarter earnings "have ramped", according to Brent Thill, Jefferies analyst.Īccording to The Fly, Thill thinks management will remain conservative and reiterate the company's fiscal 2022/23 annual recurring revenue growth outlook. There’s also a positive projection for revenue as analysts expect Splunk to have made $520.95m for the quarter, a 0.9% growth from the same time last year. ![]() However, as Q1 results show, this doesn’t necessarily spell disaster for Splunk’s share price. Looking ahead to its upcoming earnings release, analysts are expecting a further decline, with the consensus estimate projecting the company to post a loss of $0.32 per share, a decline of 206.7% year-on-year. As customers continue to adapt to this new normal, data matters more than ever, evidenced by our continued strong momentum this quarter.” In a statement released alongside the results, he said: “COVID-19 has transformed the world into one that requires rapidly accelerated digital transformation to keep organizations moving - we are seeing some resilient customers complete three-to-five-year projects in just months. Staying positive, Splunk’s CEO Doug Merritt pegged the company’s recent success on the world’s accelerated digitalisation as a result of COVID-19. Despite missing estimates, this figure still represents a growth of 2% compared to 2019’s first-quarter revenue of $424m. That said, analysts were expecting the drop and the software company has exceeded consensus earnings estimates three times over the last four consecutive quarters.įor the quarter ended in April 2020, Splunk posted revenue of $434m, which missed the Zacks consensus estimate of $445m by 2.33%. These results were in stark contrast to the previous quarter, however, when the company reported earnings of $0.96 per share. Following publication of these results on 21 May, Splunk’s share price enjoyed a jump of almost 13% to close at $184.26 on 22 May. When Splunk released its first-quarter earnings for the fiscal year 2021, it reported a loss of $0.56 per share, which narrowly surpassed the Zacks consensus estimate of a loss of $0.57, marking a 1.75% surprise. 26 August Splunk’s earnings history indicates growth
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