Splunk is set to report fourth-quarter fiscal 2020 results on Mar 4.
For the quarter, the Zacks Consensus Estimate for earnings has remained steady at 96 cents over the past 30 days, indicating growth of 3.23% from the year-ago quarter’s reported figure.
For fourth-quarter fiscal 2020, Splunk expects revenues of roughly $780 million. The consensus mark for revenues currently stands at $783.9 million, suggesting an increase of 26.02% from the year-ago quarter’s reported figure.
Notably, the company’s earnings beat the Zacks Consensus Estimate in the trailing four quarters, the average positive surprise being 74.3%.
Let’s see how things have shaped up for this announcement.
Key Factors to Consider
Splunk’s portfolio strength has not only helped it win new customers but also expand its existing customer base. Solid demand for the company’s enterprise, security and cloud solutions is expected to have driven the top line in the to-be-reported quarter.
Notably, Splunk added 450 new enterprise customers in third-quarter fiscal 2020.
Splunk Inc. Price and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Splunk is set to report fourth-quarter fiscal 2020 results on Mar 4.
For the quarter, the Zacks Consensus Estimate for earnings has remained steady at 96 cents over the past 30 days, indicating growth of 3.23% from the year-ago quarter’s reported figure.
For fourth-quarter fiscal 2020, Splunk expects revenues of roughly $780 million. The consensus mark for revenues currently stands at $783.9 million, suggesting an increase of 26.02% from the year-ago quarter’s reported figure.
Notably, the company’s earnings beat the Zacks Consensus Estimate in the trailing four quarters, the average positive surprise being 74.3%.
Let’s see how things have shaped up for this announcement.
Key Factors to Consider
Splunk’s portfolio strength has not only helped it win new customers but also expand its existing customer base. Solid demand for the company’s enterprise, security and cloud solutions is expected to have driven the top line in the to-be-reported quarter.
Notably, Splunk added 450 new enterprise customers in third-quarter fiscal 2020.
Splunk Inc. Price and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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