NASDAQ data is at least 15 minutes delayed. NYSE and AMEX data is at least 20 minutes delayed. Real time prices by BATS. Delayed quotes by FIS. Visit to get our data and content for your mobile app or website. Visit Performance Disclosure for information about the performance numbers displayed above. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. The monthly returns are then compounded to arrive at the annual return. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. These returns cover a period from Januthrough April 3, 2023. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.27% per year. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. and Morningstar, Inc.Ĭopyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606Īt the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Forbes Media, LLC Investor's Business Daily, Inc. Each of the company logos represented herein are trademarks of Microsoft Corporation Dow Jones & Company Nasdaq, Inc. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.īecause of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. But, a negative value is not indicative of a stock's earnings miss. When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. When you combine this positive Earnings ESP with the stock's Zacks Rank #1 (Strong Buy), it shows that another beat is possibly around the corner. Splunk has an Earnings ESP of +12.76% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank. With this earnings history in mind, recent estimates have been moving higher for Splunk. For the previous quarter, the consensus estimate was $0.23 per share, while it actually produced $0.83 per share, a surprise of 260.87%. The average surprise for the last two quarters was 172.33%.įor the most recent quarter, Splunk was expected to post earnings of $1.11 per share, but it reported $2.04 per share instead, representing a surprise of 83.78%. This maker of software that helps companies collect and analyze internal data has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Splunk ( SPLK Quick Quote SPLK - Free Report), which belongs to the Zacks Internet - Software industry.
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