Elastic N.V.
ESTC · Technology
$92.39
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Seneste overskrifter for denne aktie
Can Elastic (ESTC) Run Higher on Rising Earnings Estimates?
Elastic has received a Zacks Rank #1 (Strong Buy) rating due to significant upward revisions in earnings estimates. The software developer is expected to earn $0.81 per share for the current quarter (+26.6% YoY) and $3.33 for the full year (+29.6% YoY). Analysts have raised consensus estimates substantially, with eight positive revisions in the past month and no negative revisions for the current year. The stock has gained 30% over the past four weeks.
Stock Market Midday, Aug. 28: Stocks Edge Higher on Fed's Clear Inflation Message
Major stock indexes edged higher on Aug. 28 as investors digested Federal Reserve Chairman Kevin Warsh's Jackson Hole speech emphasizing commitment to reducing inflation. The S&P 500 gained 0.20%, Nasdaq rose 0.14%, and the Dow climbed 0.17%. Communication services led sector gains while industrials and healthcare traded lower. Elastic surged 18% on earnings, but semiconductor stocks like Marvell and Rubrik fell despite beating expectations, as investors grew cautious following recent rallies and amid signals of potential rate hikes.
Compared to Estimates, Elastic (ESTC) Q1 Earnings: A Look at Key Metrics
Elastic reported Q1 FY2026 revenue of $478.11 million, up 15.1% year-over-year, beating the consensus estimate of $469.56 million by 1.82%. EPS came in at $0.70, significantly exceeding the $0.58 estimate by 20.69%. Subscription revenue grew 15.5% to $448.74 million, with Elastic Cloud revenue reaching $235.21 million, up 20.1% year-over-year. The stock has gained 23% over the past month but maintains a Zacks Rank #3 (Hold) rating.
Elastic (ESTC) Tops Q1 Earnings and Revenue Estimates
Elastic reported Q3 2026 earnings of $0.70 per share, beating consensus estimates of $0.58 by 20.69%, with revenues of $478.11 million exceeding expectations by 1.82%. However, the stock has underperformed the S&P 500 year-to-date, gaining 5.1% versus the market's 12.1%. The company received a Zacks Rank #3 (Hold) rating, suggesting near-term performance in line with the market. DocuSign is expected to report results on September 3 with projected earnings of $1.08 per share, representing 17.4% year-over-year growth.