Q1 Earnings Forecast for Elastic Issued By KeyCorp

Elastic (NYSE:ESTC - Free Report) - Equities research analysts at KeyCorp issued their Q1 2026 earnings per share estimates for shares of Elastic in a research note issued on Monday, June 9th. KeyCorp analyst E. Heath forecasts that the company will post earnings per share of ($0.21) for the quarter. KeyCorp currently has a "Sector Weight" rating on the stock. The consensus estimate for Elastic's current full-year earnings is ($0.77) per share. KeyCorp also issued estimates for Elastic's Q2 2026 earnings at ($0.06) EPS, Q3 2026 earnings at $0.04 EPS, FY2026 earnings at ($0.22) EPS, Q2 2027 earnings at ($0.05) EPS and Q3 2027 earnings at $0.01 EPS.

A number of other research analysts have also weighed in on the stock. Morgan Stanley decreased their target price on shares of Elastic from $140.00 to $120.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Barclays reduced their price target on shares of Elastic from $124.00 to $105.00 and set an "overweight" rating on the stock in a research report on Friday, May 30th. Wall Street Zen raised shares of Elastic from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. Royal Bank of Canada reduced their price target on shares of Elastic from $119.00 to $115.00 and set an "outperform" rating on the stock in a research report on Friday, May 30th. Finally, Wedbush reduced their price target on shares of Elastic from $135.00 to $110.00 and set an "outperform" rating on the stock in a research report on Friday, May 30th. Eight investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Elastic presently has an average rating of "Moderate Buy" and a consensus price target of $113.63.

Elastic Price Performance

ESTC traded up $0.12 during trading on Thursday, reaching $83.29. The company's stock had a trading volume of 1,142,963 shares, compared to its average volume of 1,501,402. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.70. The firm has a fifty day simple moving average of $84.89 and a two-hundred day simple moving average of $97.05. Elastic has a 1 year low of $69.00 and a 1 year high of $123.96. The company has a market cap of $8.70 billion, a price-to-earnings ratio of 151.44 and a beta of 1.07.

Elastic (NYSE:ESTC - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The company reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.10. The firm had revenue of $388.43 million for the quarter, compared to analyst estimates of $380.61 million. Elastic had a net margin of 4.39% and a negative return on equity of 13.20%. Elastic's quarterly revenue was up 15.9% compared to the same quarter last year. During the same period last year, the company posted $0.21 EPS.

Insider Activity

In other news, CEO Ashutosh Kulkarni sold 5,000 shares of the firm's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $102.64, for a total value of $513,200.00. Following the transaction, the chief executive officer now owns 371,591 shares of the company's stock, valued at approximately $38,140,100.24. This trade represents a 1.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Shay Banon sold 5,117 shares of the firm's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $86.91, for a total transaction of $444,718.47. Following the completion of the transaction, the chief technology officer now directly owns 4,560,291 shares in the company, valued at approximately $396,334,890.81. This represents a 0.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 53,413 shares of company stock worth $4,720,774 over the last ninety days. 15.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Elastic

A number of hedge funds have recently made changes to their positions in ESTC. Massachusetts Financial Services Co. MA grew its holdings in Elastic by 5,437.6% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,288,128 shares of the company's stock valued at $203,872,000 after purchasing an additional 2,246,808 shares in the last quarter. Sylebra Capital LLC grew its holdings in Elastic by 62.6% during the 4th quarter. Sylebra Capital LLC now owns 4,561,462 shares of the company's stock worth $451,950,000 after acquiring an additional 1,756,842 shares in the last quarter. AQR Capital Management LLC grew its holdings in Elastic by 6,651.3% during the 1st quarter. AQR Capital Management LLC now owns 1,403,859 shares of the company's stock worth $122,978,000 after acquiring an additional 1,383,065 shares in the last quarter. Norges Bank acquired a new position in Elastic during the 4th quarter worth $102,485,000. Finally, Driehaus Capital Management LLC grew its holdings in Elastic by 1,450.8% during the 1st quarter. Driehaus Capital Management LLC now owns 880,454 shares of the company's stock worth $78,448,000 after acquiring an additional 823,680 shares in the last quarter. Hedge funds and other institutional investors own 97.03% of the company's stock.

About Elastic

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.