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 Price Performance

Shares of NYSE ESTC opened at $108.03 on Friday. Elastic has a 1 year low of $69.00 and a 1 year high of $136.06. The stock has a market capitalization of $11.10 billion, a P/E ratio of 196.42 and a beta of 0.94. The company’s 50-day moving average is $81.78 and its 200 day moving average is $97.04. 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 issued its quarterly earnings results on Thursday, August 29th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.10. Elastic had a negative return on equity of 13.54% and a net margin of 4.39%. The firm had revenue of $347.42 million during the quarter, compared to the consensus estimate of $344.67 million. During the same period last year, the company earned ($0.35) earnings per share. The company’s revenue was up 18.3% on a year-over-year basis. On average, sell-side analysts expect that Elastic will post -0.92 earnings per share for the current year.

Wall Street Analyst Weigh In

ESTC has been the topic of several recent analyst reports. Wedbush upgraded shares of Elastic to a “hold” rating in a research report on Thursday, October 17th. Barclays raised their target price on shares of Elastic from $95.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, November 15th. The Goldman Sachs Group boosted their price objective on Elastic from $99.00 to $113.00 and gave the stock a “neutral” rating in a research note on Friday. Stifel Nicolaus boosted their price objective on shares of Elastic from $98.00 to $132.00 and gave the company a “buy” rating in a research report on Friday. Finally, Jefferies Financial Group raised their price target on Elastic from $110.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday. Six investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.00.

Insider Buying and Selling at Elastic

In related news, CEO Ashutosh Kulkarni sold 19,649 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $70.25, for a total transaction of $1,380,342.25. Following the completion of the sale, the chief executive officer now owns 432,648 shares of the company’s stock, valued at approximately $30,393,522. This represents a 4.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Carolyn Herzog sold 4,489 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $70.25, for a total value of $315,352.25. Following the completion of the sale, the insider now owns 102,959 shares of the company’s stock, valued at approximately $7,232,869.75. This represents a 4.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,406 shares of company stock valued at $2,627,772. 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.