Elastic (ESTC) to Release Earnings on Thursday

Elastic (NYSE:ESTC) will announce its earnings results after the market closes on Thursday, November 21st. Analysts expect the company to announce earnings of $0.38 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Elastic (NYSE:ESTC) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.10. Elastic had a net margin of 4.62% and a negative return on equity of 17.54%. The firm had revenue of $347.42 million for the quarter, compared to the consensus estimate of $344.67 million. During the same quarter in the previous year, the company earned ($0.35) earnings per share. The business’s revenue was up 18.3% compared to the same quarter last year. On average, analysts expect Elastic to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Elastic Trading Down 0.3 %

Shares of ESTC stock opened at $86.06 on Tuesday. The firm has a fifty day moving average of $80.11 and a 200-day moving average of $97.24. The stock has a market cap of $8.84 billion, a price-to-earnings ratio of 156.47 and a beta of 0.94. Elastic has a 52-week low of $69.00 and a 52-week high of $136.06. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.91 and a current ratio of 1.91.

Wall Street Analysts Forecast Growth

ESTC has been the subject of several recent research reports. TD Cowen dropped their price target on shares of Elastic from $110.00 to $80.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Needham & Company LLC reissued a “hold” rating on shares of Elastic in a report on Tuesday, October 8th. Piper Sandler decreased their price target on Elastic from $131.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. Baird R W cut Elastic from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 30th. Finally, Citigroup lifted their price objective on Elastic from $155.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $104.19.

Insider Buying and Selling

In related news, CEO Ashutosh Kulkarni sold 19,649 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $70.25, for a total value of $1,380,342.25. Following the transaction, the chief executive officer now directly owns 432,648 shares in the company, valued at $30,393,522. This represents a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Carolyn Herzog sold 4,489 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $70.25, for a total transaction of $315,352.25. Following the completion of the transaction, the insider now directly owns 102,959 shares in the company, valued at approximately $7,232,869.75. The trade was a 4.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,406 shares of company stock worth $2,627,772 in the last quarter. Insiders own 15.90% 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.