Elastic (ESTC) to Release Earnings on Thursday

Elastic (NYSE:ESTC) is expected to be issuing its Q3 2026 results before the market opens on Thursday, February 26th. Analysts expect the company to announce earnings of $0.64 per share and revenue of $438.3680 million for the quarter. Individuals can check the company’s upcoming Q3 2026 earning summary page for the latest details on the call scheduled for Thursday, February 26, 2026 at 5:00 PM ET.

Elastic (NYSE:ESTC) last released its quarterly earnings results on Thursday, November 20th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.06. Elastic had a negative return on equity of 2.02% and a negative net margin of 6.79%.The business had revenue of $423.48 million during the quarter, compared to analyst estimates of $418.27 million. During the same quarter in the prior year, the company posted $0.59 EPS. Elastic’s quarterly revenue was up 15.9% compared to the same quarter last year. On average, analysts expect Elastic to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Elastic Price Performance

ESTC opened at $61.09 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.97 and a current ratio of 1.97. The stock has a market capitalization of $6.44 billion, a PE ratio of -59.31, a price-to-earnings-growth ratio of 245.86 and a beta of 0.93. The stock’s 50 day moving average price is $71.02 and its 200-day moving average price is $78.81. Elastic has a 52-week low of $56.69 and a 52-week high of $117.49.

Analysts Set New Price Targets

Several brokerages have commented on ESTC. Wedbush decreased their price objective on shares of Elastic from $110.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, November 21st. Morgan Stanley decreased their price target on shares of Elastic from $120.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, November 21st. Bank of America lowered their price objective on shares of Elastic from $111.00 to $90.00 and set a “neutral” rating for the company in a report on Friday, November 21st. UBS Group decreased their target price on Elastic from $125.00 to $110.00 and set a “buy” rating for the company in a research report on Friday, November 21st. Finally, Barclays lowered their target price on Elastic from $107.00 to $100.00 and set an “overweight” rating for the company in a research note on Monday, January 12th. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $104.88.

Insiders Place Their Bets

In related news, CFO Navam Welihinda sold 1,046 shares of the stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $74.51, for a total transaction of $77,937.46. Following the sale, the chief financial officer directly owned 123,874 shares of the company’s stock, valued at approximately $9,229,851.74. This represents a 0.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ashutosh Kulkarni sold 5,000 shares of Elastic stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $74.60, for a total transaction of $373,000.00. Following the completion of the transaction, the chief executive officer directly owned 426,901 shares of the company’s stock, valued at $31,846,814.60. This trade represents a 1.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 61,828 shares of company stock valued at $4,641,010. Company insiders own 12.70% of the company’s stock.

Institutional Investors Weigh In On Elastic

Several institutional investors and hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC lifted its position in Elastic by 153.4% in the 4th quarter. AQR Capital Management LLC now owns 7,545,081 shares of the company’s stock valued at $569,201,000 after acquiring an additional 4,567,720 shares in the last quarter. FIL Ltd lifted its holdings in shares of Elastic by 36.9% during the fourth quarter. FIL Ltd now owns 3,628,748 shares of the company’s stock valued at $273,753,000 after purchasing an additional 977,578 shares in the last quarter. Alyeska Investment Group L.P. boosted its position in shares of Elastic by 490.4% during the third quarter. Alyeska Investment Group L.P. now owns 1,113,503 shares of the company’s stock valued at $94,080,000 after buying an additional 924,911 shares during the last quarter. Goldentree Asset Management LP bought a new stake in Elastic in the 4th quarter worth about $49,323,000. Finally, BNP Paribas Financial Markets raised its position in Elastic by 305.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 832,353 shares of the company’s stock worth $70,192,000 after buying an additional 627,284 shares during the last quarter. Institutional investors own 97.03% of the company’s stock.

About Elastic

Elastic N.V. operates as a search and analytics company, offering a suite of open source and subscription-based solutions for search, observability and security use cases. Its flagship product, Elasticsearch, enables fast and scalable full-text search and analytics across large volumes of structured and unstructured data. Complementary tools such as Kibana provide visualization capabilities, while Beats and Logstash serve as lightweight data shippers and data processing pipelines, respectively.

The company was founded in 2012 by Shay Banon, who serves as chief technology officer, and Steven Schuurman.