Elastic (NYSE:ESTC) Updates FY 2025 Earnings Guidance

Elastic (NYSE:ESTC) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 1.910-1.960 for the period, compared to the consensus EPS estimate of 1.720. The company issued revenue guidance of $1.5 billion-$1.5 billion, compared to the consensus revenue estimate of $1.5 billion. Elastic also updated its Q4 2025 guidance to 0.360-0.370 EPS.

Elastic Stock Up 14.9 %

Shares of NYSE:ESTC opened at $116.38 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.99 and a quick ratio of 1.99. The business has a 50 day simple moving average of $105.85 and a two-hundred day simple moving average of $95.51. Elastic has a 1 year low of $69.00 and a 1 year high of $136.06. The firm has a market capitalization of $12.06 billion, a PE ratio of 211.61 and a beta of 1.07.

Elastic (NYSE:ESTC) last released its earnings results on Thursday, February 27th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.48). The business had revenue of $382.08 million during the quarter, compared to analysts’ expectations of $368.85 million. Elastic had a negative return on equity of 13.20% and a net margin of 4.39%. On average, equities analysts predict that Elastic will post -0.77 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ESTC shares. Stifel Nicolaus raised their target price on shares of Elastic from $98.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Jefferies Financial Group lifted their target price on Elastic from $110.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. UBS Group increased their price target on Elastic from $140.00 to $148.00 and gave the stock a “buy” rating in a research report on Friday. Cantor Fitzgerald began coverage on shares of Elastic in a research note on Friday, January 17th. They issued a “neutral” rating and a $108.00 price objective for the company. Finally, Guggenheim boosted their price target on shares of Elastic from $130.00 to $136.00 and gave the company a “buy” rating in a report on Friday. Seven research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Elastic presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.09.

Insider Transactions at Elastic

In other news, CEO Ashutosh Kulkarni sold 7,017 shares of the stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $108.12, for a total value of $758,678.04. Following the transaction, the chief executive officer now directly owns 395,326 shares of the company’s stock, valued at approximately $42,742,647.12. This represents a 1.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 15.90% of the company’s stock.

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.