Elastic (NYSE:ESTC) Updates FY 2025 Earnings Guidance

Elastic (NYSE:ESTC) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.680-1.720 for the period, compared to the consensus earnings per share estimate of 1.540. The company issued revenue guidance of $1.5 billion-$1.5 billion, compared to the consensus revenue estimate of $1.4 billion. Elastic also updated its FY25 guidance to $1.68-1.72 EPS.

Elastic Trading Up 23.2 %

NYSE ESTC opened at $115.94 on Friday. The business’s fifty day moving average is $80.71 and its 200-day moving average is $97.05. Elastic has a one year low of $69.00 and a one year high of $136.06. The stock has a market capitalization of $11.91 billion, a price-to-earnings ratio of 210.80 and a beta of 0.94. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.91 and a quick ratio of 1.91.

Elastic (NYSE:ESTC) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.10. The company had revenue of $347.42 million during the quarter, compared to analyst estimates of $344.67 million. Elastic had a negative return on equity of 17.54% and a net margin of 4.62%. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.35) EPS. Equities research analysts predict that Elastic will post -0.92 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ESTC. Bank of America lifted their target price on Elastic from $94.00 to $120.00 and gave the company a “neutral” rating in a report on Friday. Truist Financial lowered their price objective on Elastic from $140.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Robert W. Baird upgraded Elastic from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $95.00 to $135.00 in a research report on Friday. Baird R W cut Elastic from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 30th. Finally, TD Cowen reduced their price target on Elastic from $110.00 to $80.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. Seven investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $108.95.

Insider Buying and Selling at Elastic

In related news, insider Carolyn Herzog sold 4,489 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $70.25, for a total transaction of $315,352.25. Following the completion of the sale, the insider now owns 102,959 shares in the company, valued at approximately $7,232,869.75. This trade represents a 4.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paul R. Auvil III acquired 20,000 shares of Elastic stock in a transaction on Tuesday, September 3rd. The stock was purchased at an average cost of $74.25 per share, for a total transaction of $1,485,000.00. Following the purchase, the director now owns 22,627 shares in the company, valued at approximately $1,680,054.75. The trade was a 761.32 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 37,406 shares of company stock valued at $2,627,772. 15.90% of the stock is owned by company insiders.

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.