What is Scotiabank’s Estimate for Elastic FY2026 Earnings?

Elastic N.V. (NYSE:ESTC) – Equities research analysts at Scotiabank issued their FY2026 earnings estimates for Elastic in a report issued on Thursday, March 5th. Scotiabank analyst P. Colville expects that the company will post earnings per share of $0.03 for the year. Scotiabank currently has a “Sector Perform” rating and a $76.00 target price on the stock. The consensus estimate for Elastic’s current full-year earnings is ($0.77) per share. Scotiabank also issued estimates for Elastic’s FY2027 earnings at $0.13 EPS.

A number of other equities analysts also recently weighed in on ESTC. Piper Sandler dropped their target price on shares of Elastic from $110.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Canaccord Genuity Group decreased their price target on shares of Elastic from $115.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Guggenheim reissued a “buy” rating and issued a $116.00 price target on shares of Elastic in a report on Wednesday, February 18th. Rosenblatt Securities dropped their price objective on shares of Elastic from $130.00 to $110.00 and set a “buy” rating for the company in a research report on Friday, January 30th. Finally, Wells Fargo & Company reduced their price objective on Elastic from $75.00 to $60.00 and set an “equal weight” rating on the stock in a report on Friday, February 27th. Seventeen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Elastic presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.25.

Elastic Stock Up 1.3%

Shares of NYSE:ESTC opened at $53.74 on Monday. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.72. The firm has a market cap of $5.56 billion, a P/E ratio of -67.17, a P/E/G ratio of 69.03 and a beta of 0.98. Elastic has a 12 month low of $49.90 and a 12 month high of $103.79. The company’s 50-day moving average price is $65.99 and its two-hundred day moving average price is $76.99.

Elastic (NYSE:ESTC) last announced its earnings results on Thursday, February 26th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.09. The company had revenue of $449.88 million during the quarter, compared to analyst estimates of $438.37 million. Elastic had a negative return on equity of 2.34% and a negative net margin of 5.04%.The firm’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period last year, the company posted $0.63 earnings per share. Elastic has set its FY 2026 guidance at 2.500-2.540 EPS and its Q4 2026 guidance at 0.550-0.570 EPS.

Insider Transactions at Elastic

In other Elastic news, CRO Mark Eugene Dodds sold 5,198 shares of Elastic stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $75.05, for a total transaction of $390,109.90. Following the transaction, the executive directly owned 156,286 shares in the company, valued at approximately $11,729,264.30. The trade was a 3.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ashutosh Kulkarni sold 20,413 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $75.05, for a total value of $1,531,995.65. Following the completion of the transaction, the chief executive officer owned 431,901 shares of the company’s stock, valued at $32,414,170.05. This represents a 4.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 56,028 shares of company stock valued at $4,208,330. 12.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Elastic

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Elastic by 7.4% in the third quarter. Vanguard Group Inc. now owns 10,206,204 shares of the company’s stock worth $862,322,000 after purchasing an additional 705,991 shares in the last quarter. AQR Capital Management LLC increased its holdings in Elastic by 153.4% during the fourth quarter. AQR Capital Management LLC now owns 7,545,081 shares of the company’s stock worth $569,201,000 after buying an additional 4,567,720 shares during the last quarter. Pictet Asset Management Holding SA raised its position in Elastic by 3.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 4,534,498 shares of the company’s stock worth $342,127,000 after acquiring an additional 138,974 shares in the last quarter. FIL Ltd lifted its stake in Elastic by 36.9% in the fourth quarter. FIL Ltd now owns 3,628,748 shares of the company’s stock valued at $273,753,000 after acquiring an additional 977,578 shares during the last quarter. Finally, Voya Investment Management LLC lifted its stake in Elastic by 4.7% in the third quarter. Voya Investment Management LLC now owns 1,781,925 shares of the company’s stock valued at $150,555,000 after acquiring an additional 79,465 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.