It has been about a month since the last earnings report for Splunk (SPLK). Shares have added about 25.9% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Splunk due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
Splunk Reports Loss in Q1, Revenues Up Y/Y
Splunk reported first-quarter fiscal 2022 non-GAAP loss of 91 cents per share, which missed the Zacks Consensus Estimate by 26.4% and widened from 56 cents in the year-ago quarter.
Revenues increased 15.7% year over year to $502.1 million and beat the consensus mark by 1.9%.
Will the recent positive trend continue leading up to its next earnings release, or is Splunk due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
Splunk Reports Loss in Q1, Revenues Up Y/Y
Splunk reported first-quarter fiscal 2022 non-GAAP loss of 91 cents per share, which missed the Zacks Consensus Estimate by 26.4% and widened from 56 cents in the year-ago quarter.
Revenues increased 15.7% year over year to $502.1 million and beat the consensus mark by 1.9%.