Elastic (ESTC) Set to Announce Quarterly Earnings on Wednesday

Elastic (NYSE:ESTCGet Rating) will be issuing its quarterly earnings data after the market closes on Wednesday, June 1st. Analysts expect the company to announce earnings of ($0.56) per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Elastic (NYSE:ESTCGet Rating) last posted its quarterly earnings data on Thursday, March 3rd. The company reported ($0.53) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.53). The company had revenue of $223.94 million for the quarter, compared to the consensus estimate of $209.71 million. Elastic had a negative net margin of 22.67% and a negative return on equity of 34.20%. The firm’s revenue was up 42.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.33) earnings per share. On average, analysts expect Elastic to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

ESTC opened at $57.10 on Wednesday. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 1.31. The company has a market cap of $5.34 billion, a price-to-earnings ratio of -28.84 and a beta of 1.28. The company’s 50 day moving average is $79.10 and its 200 day moving average is $100.33. Elastic has a 12-month low of $50.74 and a 12-month high of $189.84.

A number of equities research analysts have commented on the stock. Stifel Nicolaus decreased their target price on shares of Elastic from $148.00 to $125.00 and set a “buy” rating on the stock in a research note on Monday, March 21st. Monness Crespi & Hardt decreased their target price on shares of Elastic from $230.00 to $124.00 and set a “buy” rating on the stock in a research note on Wednesday, March 2nd. William Blair assumed coverage on shares of Elastic in a research note on Monday, April 25th. They set an “outperform” rating on the stock. Truist Financial decreased their target price on shares of Elastic from $135.00 to $110.00 in a research note on Tuesday, May 10th. Finally, Royal Bank of Canada decreased their target price on shares of Elastic from $165.00 to $133.00 in a research note on Monday, February 28th. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $139.88.

In other Elastic news, Director Jonathan Chadwick sold 6,250 shares of Elastic stock in a transaction on Monday, April 25th. The shares were sold at an average price of $82.29, for a total transaction of $514,312.50. Following the completion of the transaction, the director now directly owns 5,102 shares of the company’s stock, valued at $419,843.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ashutosh Kulkarni sold 5,822 shares of Elastic stock in a transaction on Friday, March 11th. The stock was sold at an average price of $75.30, for a total transaction of $438,396.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,415 shares of company stock valued at $978,537. 18.90% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of ESTC. BlackRock Inc. boosted its stake in shares of Elastic by 4.8% during the first quarter. BlackRock Inc. now owns 5,616,149 shares of the company’s stock valued at $499,557,000 after purchasing an additional 259,742 shares during the period. UBS Group AG boosted its stake in shares of Elastic by 371.6% during the first quarter. UBS Group AG now owns 301,186 shares of the company’s stock valued at $26,791,000 after purchasing an additional 237,315 shares during the period. Royal Bank of Canada boosted its stake in shares of Elastic by 345.8% during the first quarter. Royal Bank of Canada now owns 169,668 shares of the company’s stock valued at $15,092,000 after purchasing an additional 131,613 shares during the period. Vanguard Group Inc. boosted its stake in shares of Elastic by 1.5% during the first quarter. Vanguard Group Inc. now owns 7,038,914 shares of the company’s stock valued at $626,112,000 after purchasing an additional 101,159 shares during the period. Finally, Advent International Corp MA boosted its stake in shares of Elastic by 62.5% during the first quarter. Advent International Corp MA now owns 260,000 shares of the company’s stock valued at $23,127,000 after purchasing an additional 100,000 shares during the period. 77.44% of the stock is owned by institutional investors.

About Elastic (Get Rating)

Elastic N.V., a search company, delivers technology that enables users to search through structured and unstructured data for a range of consumer and enterprise applications. It primarily offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as perform search, analysis, and visualization.

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Earnings History for Elastic (NYSE:ESTC)

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