Splunk Earnings: Here’s Why Investors Like These Results

Splunk (NASDAQ:SPLK) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 5.58%.

Splunk Earnings Cheat Sheet

Results: Adjusted Earnings Per Share were the same at $-0.01 in the quarter as EPS of $-0.01 in the year-earlier quarter.

Revenue: Rose 50.4% to $66.9 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Splunk reported adjusted EPS loss of $0.01 per share. By that measure, the company beat the mean analyst estimate of $-0.03. It beat the average revenue estimate of $63.03 million.

Quoting Management: “This past quarter marked a milestone for Splunk as we expanded the breadth of our product offerings beyond core Splunk Enterprise and premium apps by adding the beta version of Hunk: Splunk Analytics for Hadoop,” said Godfrey Sullivan, Chairman and CEO. “We are pleased to welcome more than 400 new customers who are joining the Splunk family at an exciting time as we transition to a multi-product company.”

Key Stats (on next page)…

Revenue increased 16.94% from $57.21 million in the previous quarter. EPS increased to $-0.01 in the quarter versus EPS of $-0.06 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is $0 and has not changed. For the current year, the average estimate is a loss of $0.01, which is the same with that ninety days ago.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

More Articles About:   , , ,  

More from The Cheat Sheet