Elastic (ESTC) reported $365.36 million in revenue for the quarter ended October 2024, representing a year-over-year increase of 17.6%. EPS of $0.59 for the same period compares to $0.37 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $354.24 million, representing a surprise of +3.14%. The company delivered an EPS surprise of +55.26%, with the consensus EPS estimate being $0.38.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall S ...

Elastic (ESTC) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.37 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 55.26%. A quarter ago, it was expected that this software developer would post earnings of $0.25 per share when it actually produced earnings of $0.35, delivering a surprise of 40%.Over the last four quarters, the company ...

Corporate Overview and Q2FY25 Financial Results November 21, 2024 Forward Looking Statements; Use of Non-GAAP Measures This presentation and the accompanying oral presentation contain forward-looking statements that involve substantial risks and uncertainties, which include, but are not limited to, statements regarding our expected financial results for the fiscal quarter ending January 31, 2025 and the fiscal year ending April 30, 2025, our strategic areas of focus, expectations and plans regarding our fut ...

Exhibit 99.1 Elastic Reports Second Quarter Fiscal 2025 Financial Results Q2 Revenue of $365 million, up 18% year-over-year (17% in constant currency) Q2 Elastic Cloud Revenue of $169 million, up 25% year-over-year (25% in constant currency) Announces Chief Financial Officer Transition SAN FRANCISCO, Calif., Nov 21, 2024 -- Elastic (NYSE: ESTC) ("Elastic"), the company behind Elasticsearch®, announced financial results for its second quarter of fiscal 2025 ended October 31, 2024. Second Quarter Fiscal 2025 ...

Wall Street analysts expect Elastic (ESTC) to post quarterly earnings of $0.38 per share in its upcoming report, which indicates a year-over-year increase of 2.7%. Revenues are expected to be $354.24 million, up 14.1% from the year-ago quarter.The consensus EPS estimate for the quarter has undergone a downward revision of 0.7% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Prior to a ...

The market expects Elastic (ESTC) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended October 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on November 21, 2024, might help the stock move higher if these key numbers are ...

Tired of losing money? Our Tech Contrarians team of Wall Street analysts sifts through the noise in the tech industry and captures outperformers through a coveted research process. We let the work speak for itself here .We're picking up our coverage of Elastic (NYSE: ESTC ), an enterprise search software company, after a stale period since our last article in 2021, during the pandemic days. Elastic stock underperformed the S&P 500 by aAnalyst’s Disclosure: I/we have no stock, option or similar derivative po ...

With the S&P 500 continuing to hover near all-time highs, it's more prudent now than ever to be a careful stockpicker and gravitate more toward names with individual catalysts that can help them outperform the S&P 500. With combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular contributor on Seeking ...

Elastic (ESTC) closed the last trading session at $77.35, gaining 1.5% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $103.57 indicates a 33.9% upside potential. The average comprises 21 short-term price targets ranging from a low of $75 to a high of $160, with a standard deviation of $17.46. While the lowest estimate indicates a decline of 3% from the current price level, the mos ...

A downtrend has been apparent in Elastic (ESTC) lately with too much selling pressure. The stock has declined 25.2% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround. Guide to Identifying Oversold Stocks We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spot ...