Elastic (NYSE:ESTC) Issues FY 2026 Earnings Guidance

Key Points

• Elastic has issued **FY 2026 earnings guidance** with EPS expected to be in the range of **2.290-2.350**, significantly higher than the consensus estimate of **1.360**.
• Despite a revenue guidance of **$1.7 billion**, Elastic reported a loss of **($0.08)** EPS for the latest quarter, missing expectations of **$0.42** EPS.
• The company announced a **share repurchase program**, expressing confidence in its stock value, which is currently rated as a **Moderate Buy** by analysts with an average target price of **$119.00**.

Elastic (NYSE:ESTC - Get Free Report) issued an update on its FY 2026 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 2.290-2.350 for the period, compared to the consensus estimate of 1.360. The company issued revenue guidance of $1.7 billion-$1.7 billion, compared to the consensus revenue estimate of $1.7 billion. Elastic also updated its Q2 2026 guidance to 0.560-0.580 EPS.

Elastic Stock Up 0.3%

ESTC stock opened at $80.47 on Friday. Elastic has a one year low of $70.14 and a one year high of $118.84. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.09 and a current ratio of 2.09. The firm's fifty day moving average is $83.60 and its 200 day moving average is $84.25. The firm has a market cap of $8.55 billion, a PE ratio of -100.59 and a beta of 1.05.

Elastic (NYSE:ESTC - Get Free Report) last posted its earnings results on Thursday, August 28th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.50). Elastic had a negative return on equity of 1.68% and a negative net margin of 5.38%.The firm had revenue of $415.29 million for the quarter, compared to analysts' expectations of $397.13 million. During the same period in the previous year, the company earned $0.35 earnings per share. The company's revenue was up 19.5% compared to the same quarter last year. Elastic has set its FY 2026 guidance at 2.290-2.350 EPS. Q2 2026 guidance at 0.560-0.580 EPS. On average, research analysts forecast that Elastic will post -0.77 EPS for the current year.

Elastic declared that its Board of Directors has initiated a share repurchase program on Thursday, October 9th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

ESTC has been the subject of a number of recent analyst reports. Robert W. Baird boosted their price objective on Elastic from $120.00 to $130.00 and gave the company an "outperform" rating in a research report on Friday, October 10th. Barclays boosted their price target on shares of Elastic from $105.00 to $125.00 and gave the stock an "overweight" rating in a report on Friday, August 29th. Scotiabank set a $90.00 price objective on shares of Elastic and gave the company a "sector perform" rating in a report on Monday, October 6th. Wall Street Zen upgraded shares of Elastic from a "hold" rating to a "buy" rating in a research report on Saturday, October 11th. Finally, Citigroup restated a "buy" rating on shares of Elastic in a research report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Elastic presently has an average rating of "Moderate Buy" and an average target price of $119.00.

Insiders Place Their Bets

In other news, CEO Ashutosh Kulkarni sold 5,000 shares of the firm's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $88.12, for a total value of $440,600.00. Following the transaction, the chief executive officer directly owned 452,314 shares of the company's stock, valued at approximately $39,857,909.68. This trade represents a 1.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Carolyn Herzog sold 5,143 shares of the business's stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $90.12, for a total transaction of $463,487.16. Following the transaction, the insider owned 94,677 shares in the company, valued at $8,532,291.24. The trade was a 5.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 352,042 shares of company stock valued at $31,087,394. Corporate insiders own 12.70% of the company's stock.

Hedge Funds Weigh In On Elastic

A number of institutional investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. acquired a new position in Elastic during the second quarter worth $31,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Elastic by 17.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,159 shares of the company's stock worth $98,000 after acquiring an additional 171 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Elastic during the 2nd quarter worth $135,000. EverSource Wealth Advisors LLC boosted its position in shares of Elastic by 400.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,110 shares of the company's stock valued at $178,000 after acquiring an additional 1,688 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of Elastic by 1,420.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,752 shares of the company's stock valued at $232,000 after acquiring an additional 2,571 shares during the last quarter. Hedge funds and other institutional investors own 97.03% of the company's stock.

Elastic Company Profile

Elastic N.V., a data analytics company, delivers solutions designed to run in public or private clouds in multi-cloud environments. It primarily offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as performs search, analysis, and visualization on that data.

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