Splunk earnings4/2/2023 ![]() On the other hand, if they miss, the stock may move lower.While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.Zacks Consensus EstimateThis maker of software that helps companies collect and analyze internal data is expected to post quarterly earnings of $1.11 per share in its upcoming report, which represents a year-over-year change of +68.2%.Revenues are expected to be $1.07 billion, up 19% from the year-ago quarter.Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.08% higher over the last 30 days to the current level. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on March 1, 2023, might help the stock move higher if these key numbers are better than expectations. ![]() To read this article on click here.Splunk (SPLK) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended January 2023. (AMC) : Free Stock Analysis ReportĬrowdStrike (CRWD) : Free Stock Analysis Report (SPLK) : Free Stock Analysis ReportĪMC Entertainment Holdings, Inc. Click to get this free reportīroadcom Inc. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. CrowdStrike is set to report its fourth-quarter fiscal 2023 results on Mar 7. AMC Entertainment is set to report its fourth-quarter 2022 results on Feb 28.ĬrowdStrike CRWD has an Earnings ESP of +2.33% and a Zacks Rank #3.ĬRWD shares have declined 39.9% in the past year. SPLK shares have declined 13.7% in the past year compared with the Zacks Computer & Technology sector’s decline of 19.8%.ĪMC Entertainment AMC currently has an Earnings ESP of +8.86% and a Zacks Rank #3.ĪMC shares have lost 67.1% in the past year. Splunk is likely to release its fourth-quarter fiscal 2023 results on Mar 1. You can see the complete list of today’s Zacks #1 Rank stocks here. Splunk SPLK has an Earnings ESP of +0.39% and carries a Zacks Rank #2. Here are a few other companies worth considering, as our model shows that these too have the right combination of elements to beat on earnings in their upcoming releases: You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.īroadcom has an Earnings ESP of +1.36% and a Zacks Rank #3. Broadband revenues are expected to grow 30% on a year-over-year basis.Īcceleration in 5G deployment, production ramp-up and increase in radio frequency content is expected to have driven top-line growth. Robust adoption of Wi-Fi 6 and Wi-Fi 6E for access gateways, courtesy of solid demand from homes, enterprises, telcos and other service providers, is expected to have contributed to revenue growth across the broadband end market in the fiscal first quarter. Broadcom expects server storage connectivity revenues to grow more than 50% year over year. Moreover, continued strong adoption of its next-generation MegaRAID and storage adapters is expected to have driven Broadcom’s storage connectivity revenues in the to-be-reported quarter. ![]() ![]() The strong adoption of Tomahawk 4 for data center switching by hyperscalers is expected to have driven top-line growth in the to-be-reported quarter.īroadcom expects networking revenues to be strong and grow about 20% year over year in the fiscal first quarter. Let’s see how things have shaped up for Broadcom prior to this announcement: Factors to Considerīroadcom’s top-line growth is expected to have benefited from strong demand for its networking solutions that includes Tomahawk 4 and Jericho portfolio.
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