Wall Street analysts expect Elastic (ESTC) to post quarterly earnings of $0.25 per share in its upcoming report, which indicates no change from the year-ago quarter. Revenues are expected to be $344.4 million, up 17.2% from the year-ago quarter. Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. Prior to a company's earnings release, it is of utmost importa ...

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Elastic is using artificial intelligence to enhance the power of information. Artificial intelligence (AI) stocks like Nvidia and Microsoft have been the go-to choices for investors looking to profit from this fast-growing technology. But the AI industry is rapidly expanding, and opportunities are emerging beyond the most popular names. Elastic N.V. (ESTC 0.73%) developed a portfolio of AI software tools that empower businesses with valuable use cases for their data, whether it's helping employees access in ...

Khanchit Khirisutchalual Elastic N.V. (NYSE:ESTC) is providing investors with an opportunity for significant growth in the coming year. The company has continued to show strong results as many companies are seeing weakness in the software space. Yet the company is still not seeing AI applications boosting revenue growth with that to come in the long term. Being a search company with an AI lake, Elastic has a big advantage over the competition with its Elasticsearch relevance engine. This will allow it to ha ...

Ittai Kidron Yes, look, we got out of our sales kickoff just a couple of weeks ago, and this is one of the area that our sales teams are most excited about. So we have clear campaigns that are going after this opportunity as you can imagine. And literally, the way we talk to our sales team is the two questions that we need to be asking is, one, what vector database are you using to every customer? That's the question that we should be asking. Ittai Kidron And that's one of the reasons why the hyperscalers h ...

For the quarter ended April 2024, Elastic (ESTC) reported revenue of $335 million, up 19.7% over the same period last year. EPS came in at $0.21, compared to $0.22 in the year-ago quarter. The reported revenue represents a surprise of +1.78% over the Zacks Consensus Estimate of $329.15 million. With the consensus EPS estimate being $0.19, the EPS surprise was +10.53%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expec ...

Elastic (ESTC) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.22 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 10.53%. A quarter ago, it was expected that this software developer would post earnings of $0.31 per share when it actually produced earnings of $0.36, delivering a surprise of 16.13%. Over the last four quarters, the comp ...

Forward Looking of Non-GAAP 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 July 31, 2024 and the fiscal year ending April 30, 2025, our strategic areas of focus, expectations and plans regarding our future growth, our go-to-market and growth strategies and the effectiveness of such strategies, a ...

Exhibit 99.1 Elastic Reports Fourth Quarter and Fiscal 2024 Financial Results Q4 Revenue of $335 million, up 20% year-over-year (20% in constant currency) Q4 Elastic Cloud Revenue of $148 million, up 32% year-over-year (32% in constant currency) FY24 Revenue of $1.267 billion, up 19% year-over-year (18% in constant currency) SAN FRANCISCO, Calif., May 30, 2024 -- Elastic (NYSE: ESTC) ("Elastic"), the Search AI Company, announced financial results for its fourth quarter and full fiscal year ended April 30, 2 ...

Elastic (ESTC) will report its fourth-quarter fiscal 2024 results on May 30, after market close. Let us check out how ESTC has lately been doing. Stock Performance & Valuation The stock has gained 36.9% over the past six months, outperforming the 25.3% rally of the industry it belongs to and the 16.7% rise of the Zacks S&P 500 composite. On the basis of the Price/Sales ratio, ESTC currently trades at 7.18X, above the industry's 6.86X. Q3 Sales & Margin Performance ESTC's third-quarter fiscal 2024 revenues a ...