Earnings Outlook For Splunk
Portfolio Pulse from Benzinga Insights
Splunk (NASDAQ:SPLK) is set to release its latest quarterly earnings report on August 23, 2023. Analysts estimate an earnings per share (EPS) of $0.45. The company's past performance shows a pattern of beating EPS estimates but experiencing a drop in share price. The stock is currently trading at $98.6, down 10.47% over the last 52-week period.

August 22, 2023 | 3:00 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Splunk's upcoming earnings report could impact its stock price. Despite consistently beating EPS estimates, the company's share price has typically dropped following earnings announcements. The stock is currently down 10.47% over the last 52 weeks.
Splunk has a history of beating EPS estimates but experiencing a drop in share price following the announcement. Given this pattern and the fact that the stock is down over the past year, it's likely that the upcoming earnings report could lead to a further decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100