For the quarter ended April 2023, Splunk reported revenue of $751.51 million, up 11.5% over the same period last year. EPS came in at $0.18, compared to -$0.32 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $719.02 million, representing a surprise of +4.52%. The company delivered an EPS surprise of +205.88%, with the consensus EPS estimate being -$0.17.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Splunk performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total Annual Recurring Revenue (ARR): $3.73 billion versus the four-analyst average estimate of $2.96 billion.
- Revenues- License: $171.43 million versus the 11-analyst average estimate of $146.38 million. The reported number represents a year-over-year change of -7.7%.
- Revenues- Maintenance and services: $160.64 million compared to the $145.07 million average estimate based on nine analysts. The reported number represents a change of -2.8% year over year.
- Revenues- Cloud services: $419.44 million compared to the $439.93 million average estimate based on nine analysts. The reported number represents a change of +29.9% year over year.
View all Key Company Metrics for Splunk here>>>Shares of Splunk have returned +13.9% over the past month versus the Zacks S&P 500 composite's +0.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
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For the quarter ended April 2023, Splunk reported revenue of $751.51 million, up 11.5% over the same period last year. EPS came in at $0.18, compared to -$0.32 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $719.02 million, representing a surprise of +4.52%. The company delivered an EPS surprise of +205.88%, with the consensus EPS estimate being -$0.17.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Splunk performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total Annual Recurring Revenue (ARR): $3.73 billion versus the four-analyst average estimate of $2.96 billion.
- Revenues- License: $171.43 million versus the 11-analyst average estimate of $146.38 million. The reported number represents a year-over-year change of -7.7%.
- Revenues- Maintenance and services: $160.64 million compared to the $145.07 million average estimate based on nine analysts. The reported number represents a change of -2.8% year over year.
- Revenues- Cloud services: $419.44 million compared to the $439.93 million average estimate based on nine analysts. The reported number represents a change of +29.9% year over year.
View all Key Company Metrics for Splunk here>>>Shares of Splunk have returned +13.9% over the past month versus the Zacks S&P 500 composite's +0.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Highest Returns for Any Asset Class
It’s not even close. Despite ups and downs, Bitcoin has been more profitable for investors than any other decentralized, borderless form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
Hurry, Download Special Report – It’s FREE >>