Elastic (ESTC) Projected to Post Earnings on Thursday

Key Points

• Elastic is scheduled to report Q2 fiscal 2027 results after market close on November 19. Analysts forecast earnings of about $0.81 per share and revenue of $486.77 million; the company’s quarterly EPS guidance is $0.80–$0.82.
• In its most recent reported quarter, Elastic beat consensus with EPS of $0.70 versus $0.58 expected and revenue of $478.11 million, up 15.2% year over year.
• Analysts hold a consensus “Moderate Buy” rating, with an average price target of $98.56. Insiders sold about $422.9 million in shares over the last quarter.

Elastic (NYSE:ESTC - Get Free Report) will likely be announcing its Q2 2027 results after the market closes on Thursday, November 19th. Analysts expect Elastic to post earnings of $0.8090 per share and revenue of $486.77 million for the quarter. Elastic has set its FY 2027 guidance at 3.290-3.370 EPS and its Q2 2027 guidance at 0.800-0.820 EPS. Parties are encouraged to explore the company's upcoming Q2 2027 earnings summary page for the latest details on the call scheduled for Thursday, November 19, 2026 at 5:00 PM ET.

Elastic (NYSE:ESTC - Get Free Report) last released its earnings results on Thursday, August 27th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.12. Elastic had a negative return on equity of 0.35% and a net margin of 20.84%. The firm had revenue of $478.11 million during the quarter, compared to analyst estimates of $469.75 million. During the same period last year, the business posted $0.60 earnings per share. Elastic's revenue was up 15.2% compared to the same quarter last year. On average, analysts expect Elastic to post $0.65 EPS for the current fiscal year and $1.02 EPS for the next fiscal year.

Elastic Trading Up 0.2%

ESTC opened at $87.40 on Thursday. Elastic has a 12 month low of $42.05 and a 12 month high of $108.00. The stock has a market capitalization of $9.18 billion, a price-to-earnings ratio of 24.48, a PEG ratio of 7.33 and a beta of 0.97. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.81 and a quick ratio of 1.81. The business has a fifty day moving average price of $92.35 and a 200 day moving average price of $68.13.

Insider Buying and Selling

In related news, CTO Shay Banon sold 200,000 shares of the stock in a transaction on Monday, August 31st. The stock was sold at an average price of $96.47, for a total value of $19,294,000.00. Following the transaction, the chief technology officer owned 1,854,978 shares of the company's stock, valued at $178,949,727.66. This represents a 9.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Ashutosh Kulkarni sold 29,227 shares of the firm's stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $87.78, for a total value of $2,565,546.06. Following the completion of the sale, the chief executive officer owned 599,525 shares in the company, valued at approximately $52,626,304.50. This represents a 4.65% decrease in their ownership of the stock. 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 quarter, insiders sold 4,585,641 shares of company stock worth $422,851,366. Corporate insiders own 12.70% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Bank of America increased their price target on Elastic from $90.00 to $108.00 and gave the company a "neutral" rating in a research report on Friday, August 28th. Truist Financial boosted their price objective on Elastic from $80.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, August 20th. Wells Fargo & Company upped their target price on shares of Elastic from $60.00 to $80.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 25th. Canaccord Genuity Group upped their target price on shares of Elastic from $80.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday, August 28th. Finally, JPMorgan Chase & Co. raised their target price on shares of Elastic from $93.00 to $105.00 and gave the company an "overweight" rating in a report on Friday, August 28th. Seventeen analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $98.56.

About Elastic

Elastic N.V. develops software for search, observability and security. Its products help organizations search and analyze data, monitor applications and infrastructure, and detect and respond to cybersecurity threats. The company's offerings include the Elastic Stack—built around Elasticsearch and including Kibana, Logstash and Beats—as well as cloud-based services through Elastic Cloud. These tools can be used to work with data from a range of sources and support applications such as enterprise search, log analytics and security monitoring.

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