Elastic NV Set to Report Strong Earnings Amid Positive Market Sentiment
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 04 2026
0mins
Source: seekingalpha
Elastic NV's stock rose by 7.61% as it crossed above the 5-day SMA, reflecting investor optimism ahead of its upcoming earnings report.
The company is scheduled to announce its Q1 2023 earnings on May 28th, with a consensus EPS estimate of $0.56 and revenue expected to reach $446.2 million. This aligns with strong market expectations, as Elastic has consistently outperformed earnings estimates in the past. Additionally, positive sentiment in the data and analytics software sector, where related stocks have averaged a 10.1% increase, has contributed to the bullish outlook for Elastic.
With a strong performance in the last quarter and an average analyst price target of $77.74, Elastic is well-positioned for continued growth, making it an attractive option for investors.
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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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- Cloud Business Transformation: The company reported sales-led subscription revenue of $375 million in Q4, with a significant increase in the proportion of cloud commitments, demonstrating Elastic's successful transition to a cloud service provider, which will lay a solid foundation for future revenue growth.
- Optimistic Future Outlook: Management expects total revenue for FY 2027 to range between $1.985 billion and $2 billion, with non-GAAP diluted earnings per share projected between $0.57 and $0.59, reflecting the company's confidence in future growth and positive response to market demand.
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- Positive Future Guidance: The company anticipates total revenue for Q1 FY2027 to be between $469 million and $470 million, slightly above the consensus of $469.18 million, representing a year-over-year growth of 13.1%, showcasing ongoing growth potential.
- Subscription Revenue Growth: Expected sales-led subscription revenue is projected to be between $392 million and $393 million, reflecting a year-over-year growth of 15.9%, indicating strong demand and market share performance for Elastic.
- Improved Profitability: The anticipated non-GAAP operating margin for FY2027 is approximately 19.0%, with diluted EPS expected between $3.21 and $3.29, both exceeding market expectations, reflecting ongoing improvements in profitability and cash flow management.
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