Elastic (ESTC) is expected to release quarterly results on Wednesday
Elastic (NYSE: ESTC) is expected to report results after market close on Wednesday, December 1. Analysts expect the company to report earnings of ($ 0.47) per share for the quarter. Investors who wish to register for the company’s conference call can do so using this link.
Elastic (NYSE: ESTC) last reported its results on Tuesday, August 24. The company reported EPS of $ 0.04 for the quarter, beating analyst consensus estimates ($ 0.10) by $ 0.14. The company posted revenue of $ 193.10 million for the quarter, against analysts’ expectations of $ 173.21 million. Elastic recorded a negative return on equity of 26.26% and a negative net margin of 21.54%. Elastic’s quarterly revenue increased 49.8% year-on-year. In the same quarter of the previous year, the company achieved EPS of $ 0.06. On average, analysts expect Elastic to post EPS of $ 2 for the current fiscal year and EPS of $ 2 for the next fiscal year.
NYSE: ESTC shares opened at $ 153.82 on Wednesday. The company’s fifty-day moving average price is $ 166.52, and its two hundred-day moving average price is $ 150.27. The stock has a market cap of $ 14.12 billion, a PE ratio of -94.37 and a beta of 1.15. The company has a debt ratio of 1.24, a quick ratio of 2.71 and a current ratio of 2.71. Elastic has a one-year low of $ 97.89 and a one-year high of $ 189.84.
A number of equity research analysts have commented on ESTC’s shares. Monness Crespi & Hardt raised its price target on Elastic from $ 212.00 to $ 230.00 and gave the company a “buy” rating in a report released Thursday, August 26. Sumitomo Mitsui Financial Group downgraded Elastic from an “outperforming” rating to a “neutral” rating in a report released on Friday, November 19. Oppenheimer increased its price target on Elastic from $ 170.00 to $ 185.00 and rated the stock as “outperforming” in a research note on Thursday, August 26. Stifel Nicolaus increased his price target on Elastic from $ 180.00 to $ 200.00 and gave the stock a “buy” rating in a research note on Thursday, August 26. Finally, the Royal Bank of Canada increased its price target on Elastic from $ 194.00 to $ 200.00 and gave the stock an “outperformance” rating in a research note on Thursday August 26th. Three research analysts rated the stock with a conservation rating and fourteen gave the company a buy rating. According to MarketBeat, Elastic currently has a consensus rating of “Buy” and a consensus price target of $ 182.37.
In addition, CEO Shay Banon sold 3,700 shares of the company in a transaction dated Friday, October 22. The stock was sold at an average price of $ 170.09, for a total trade of $ 629,333.00. The sale was disclosed in a file with the Securities & Exchange Commission, accessible through this link. Additionally, insider Paul Andrew Appleby sold 7,448 shares of the company in a trade dated Thursday, September 9. The shares were sold for an average price of $ 162.43, for a total value of $ 1,209,778.64. As a result of the sale, the insider now owns 54,065 shares of the company, valued at $ 8,781,777.95. Disclosure of this sale can be found here. Insiders have sold a total of 758,740 shares of the company valued at $ 126,624,070 in the past ninety days. Company insiders own 20.40% of the company’s shares.
Elastic Company Profile
Elastic NV is committed to providing open source search engine and analytics services. It offers Elastic Stack, a set of software products that ingest and store data from a variety of sources and formats, as well as perform research, analysis, and visualization. The company’s Elastic Stack product includes Elasticsearch, a real-time distributed search and analytics engine, as well as a data store for various types of data, including text, numeric, geospatial, structured and unstructured; Kibana, a user interface, a management and configuration interface for the Elastic Suite; Beats, a one-time data sender for sending data from edge machines to Elasticsearch or Logstash; and Logstash, a data processing pipeline for ingesting data into Elasticsearch or other storage systems.
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