Market Overview

Tech Earnings Reports To Watch On Thursday: Autodesk & Splunk

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Shares of Autodesk, Inc. (NASDAQ: ADSK) and Splunk Inc (NASDAQ: SPLK) rose on Wednesday, ahead of the announcement of the companies’ second-quarter financial results, scheduled for Thursday after the market closes. Let’s look into what the Street and the crowd are expecting from these calls.

Autodesk

The design software and services provider is expected to report its worst quarter, in terms of earnings, in at least five years. Management guided for earnings of $0.17 per share on revenue of $610 million; meanwhile, the Street anticipates earnings in line with guidance on revenue of $613.15 million (Estimize).

The crowd is not as bearish, and projects earnings of $0.19 per share on revenue of $618.57 million. However, all of these estimates imply a steep decline from last quarter’s earnings of $0.30 per share on revenue of $646.5 million, and an even larger fall from the earnings of $0.35 per share on revenue of $637 million registered a year ago.

It should be noted from the chart above that Autodesk has a history of beating estimates and guidance.

Splunk

Splunk is expected to deliver a substantial increase in profitability in the second quarter of the year. A year ago, the company posted a net loss of ($0.04) per share (same as in last quarter) on revenue of $101.5 million.

For the current quarter, management guided for sales of $139 million, while the Street is projecting sales of $140.48 million, and earnings of $0.02 per share. The crowd is the most bullish, and envisions earnings of $0.03 per share on revenue of $142.23 million (Estimize).

Splunk also has a history of beating estimates.

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