Elastic (ESTC) Set to Announce Q1 Earnings on May 28th
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Source: seekingalpha
- Earnings Announcement: Elastic is scheduled to announce its Q1 2023 earnings on May 28th after market close, with consensus EPS estimate at $0.56 and revenue expected to reach $446.2 million, indicating strong market expectations for the company's performance.
- Consistent Outperformance: Over the past two years, Elastic has consistently beaten EPS and revenue estimates 100% of the time, showcasing the company's robust performance and profitability in a competitive landscape.
- Estimate Revision Trends: In the last three months, EPS estimates have seen 9 upward revisions and 10 downward adjustments, while revenue estimates experienced 24 upward revisions and 1 downward, reflecting mixed analyst sentiment regarding Elastic's growth potential.
- Increased Market Attention: With Elastic's participation in the Morgan Stanley Technology, Media & Telecom Conference and Google Cloud embedding its security layer for sensitive workloads, the company is gaining significant market attention, potentially laying the groundwork for future business growth.
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Analyst Views on ESTC
Wall Street analysts forecast ESTC stock price to rise
26 Analyst Rating
16 Buy
10 Hold
0 Sell
Moderate Buy
Current: 57.610
Low
75.00
Averages
101.14
High
130.00
Current: 57.610
Low
75.00
Averages
101.14
High
130.00
About ESTC
Elastic NV is a Netherlands-based data analytics company. The Company’s platform, which is available as both a hosted, managed service across public clouds as well as self-managed software, allows its customers to find insights from large amounts of data and take action. The Company offers three search-powered solutions - Enterprise Search, Observability, and Security - that are built into the platform, which is built on the Elastic Stack, a set of software products that ingest data from any source, in any format, and perform search, analysis, and visualization of that data. The Company helps organizations, their employees, and their customers find what they need, while keeping mission-critical applications running smoothly, and protecting against cyber threats. The Company generates revenue primarily from sales of subscriptions to its platform.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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