![]() Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. Backtested performance is developed with the benefit of hindsight and has inherent limitations. ![]() This information is provided for illustrative purposes only. No representations and warranties are made as to the reasonableness of the assumptions. Certain assumptions have been made for modeling purposes and are unlikely to be realized. Changes in these assumptions may have a material impact on the backtested returns presented. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested performance is not an indicator of future actual results. To read this article on click here.Disclaimer: The TipRanks Smart Score performance is based on backtested results. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Remember to apply to follow these and more stock-moving metrics during the upcoming trading sessions. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. With its current Zacks Industry Rank of 72, this industry ranks in the top 29% of all industries, numbering over 250. The Internet - Software industry is part of the Computer and Technology sector. As of the close of trade yesterday, the Internet - Software industry held an average PEG ratio of 1.44. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Investors should also note that SPLK has a PEG ratio of 1.32 right now. ![]() This signifies a premium in comparison to the average Forward P/E of 36.76 for its industry. With respect to valuation, Splunk is currently being traded at a Forward P/E ratio of 39.1. Splunk presently features a Zacks Rank of #2 (Buy). The Zacks Consensus EPS estimate remained stagnant within the past month. The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Įmpirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. These recent revisions tend to reflect the evolving nature of short-term business trends. Investors should also take note of any recent adjustments to analyst estimates for Splunk. In the meantime, our current consensus estimate forecasts the revenue to be $1.03 billion, indicating a 10.61% growth compared to the corresponding quarter of the prior year.įor the annual period, the Zacks Consensus Estimates anticipate earnings of $3.78 per share and a revenue of $3.94 billion, signifying shifts of +40.52% and +7.86%, respectively, from the last year. This would mark year-over-year growth of 34.94%. In that report, analysts expect Splunk to post earnings of $1.12 per share. The upcoming earnings release of Splunk will be of great interest to investors. Heading into today, shares of the maker of software that helps companies collect and analyze internal data had gained 1.39% over the past month, outpacing the Computer and Technology sector's gain of 0.82% and the S&P 500's loss of 1.55% in that time. Meanwhile, the Dow experienced a drop of 0.32%, and the technology-dominated Nasdaq saw a decrease of 2.43%. The stock exceeded the S&P 500, which registered a loss of 1.43% for the day. In the latest trading session, Splunk (SPLK) closed at $147.49, marking a -0.12% move from the previous day.
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