Elastic (ESTC) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates

Core Insights - Wall Street analysts expect Elastic (ESTC) to report quarterly earnings of $0.25 per share, indicating no change from the same quarter last year, with revenues projected at $344.4 million, reflecting a 17.2% increase year-over-year [1] Revenue Estimates - The consensus estimate for 'Revenue- Services' is $24.77 million, representing a 5.4% increase from the prior-year quarter [3] - Analysts estimate 'Revenue- Subscription' to be $319.67 million, indicating an 18.3% year-over-year change [4] - 'Revenue- Subscription- Elastic Cloud' is projected to reach $155.00 million, showing a year-over-year increase of 27.9% [4] - 'Revenue- Subscription- Other subscription' is expected to be $164.66 million, suggesting a 10.5% increase year-over-year [5] Market Performance - Shares of Elastic have experienced a return of -6.2% over the past month, contrasting with the Zacks S&P 500 composite's +1.5% change [5] - With a Zacks Rank 2 (Buy), Elastic is anticipated to outperform the overall market in the near future [5]