Elastic (ESTC) to Post Earnings on Thursday

Key Points

• Elastic is scheduled to report fiscal Q1 2027 results after market close on Thursday, August 27. Analysts expect EPS of $0.584 and revenue of approximately $469.7 million, compared with company guidance of $0.57–$0.59 EPS.
• In its most recent quarter, Elastic beat expectations with EPS of $0.61 versus the $0.56 consensus and revenue of $450.68 million, up 16% year over year.
• The stock recently traded at $87.61, while analysts maintain a “Moderate Buy” consensus and an average price target of $82.19; institutional investors own approximately 97% of outstanding shares.

Elastic (NYSE:ESTC - Get Free Report) is expected to post its Q1 2027 results after the market closes on Thursday, August 27th. Analysts expect Elastic to post earnings of $0.5840 per share and revenue of $469.7310 million for the quarter. Elastic has set its FY 2027 guidance at 3.210-3.290 EPS and its Q1 2027 guidance at 0.570-0.590 EPS. Parties may visit the the company's upcoming Q1 2027 earning overview page for the latest details on the call scheduled for Thursday, August 27, 2026 at 5:00 PM ET.

Elastic (NYSE:ESTC - Get Free Report) last announced its quarterly earnings data on Thursday, May 28th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.56 by $0.05. The company had revenue of $450.68 million for the quarter, compared to analysts' expectations of $446.66 million. Elastic had a negative return on equity of 1.82% and a net margin of 21.14%.The business's revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.47 EPS. On average, analysts expect Elastic to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Elastic Trading Up 3.1%

NYSE ESTC opened at $87.61 on Thursday. Elastic has a 12 month low of $42.05 and a 12 month high of $96.07. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.45. The stock has a 50 day moving average of $64.68 and a 200-day moving average of $57.85. The company has a market cap of $9.11 billion, a PE ratio of 25.03, a PEG ratio of 23.03 and a beta of 0.98.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ESTC shares. Citigroup boosted their target price on shares of Elastic from $95.00 to $104.00 and gave the stock a "buy" rating in a report on Friday, May 29th. Canaccord Genuity Group cut their price target on shares of Elastic from $90.00 to $80.00 and set a "buy" rating for the company in a research note on Friday, May 29th. Barclays decreased their price objective on shares of Elastic from $76.00 to $68.00 and set an "overweight" rating for the company in a research report on Friday, May 29th. William Blair began coverage on shares of Elastic in a report on Friday, May 22nd. They issued an "outperform" rating on the stock. Finally, Guggenheim reaffirmed a "buy" rating and issued a $106.00 target price on shares of Elastic in a report on Wednesday. Seventeen analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $82.19.

Insider Buying and Selling at Elastic

In other Elastic news, insider Carolyn Herzog sold 9,485 shares of Elastic stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $60.61, for a total transaction of $574,885.85. Following the completion of the transaction, the insider directly owned 128,439 shares of the company's stock, valued at $7,784,687.79. The trade was a 6.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Ken Exner sold 18,449 shares of the firm's stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $60.61, for a total value of $1,118,193.89. Following the transaction, the insider owned 360,037 shares in the company, valued at approximately $21,821,842.57. This trade represents a 4.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 110,099 shares of company stock worth $6,673,100. 12.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Elastic

A number of large investors have recently modified their holdings of the business. AQR Capital Management LLC increased 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 during the period. 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 worth $273,753,000 after purchasing an additional 977,578 shares during the period. Alyeska Investment Group L.P. lifted its holdings 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 worth $94,080,000 after purchasing an additional 924,911 shares during the period. Goldentree Asset Management LP bought a new stake in shares of Elastic in the fourth quarter worth $49,323,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Elastic by 305.9% in the second quarter. BNP Paribas Financial Markets now owns 832,353 shares of the company's stock worth $70,192,000 after purchasing an additional 627,284 shares during the last quarter. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source