Elastic(US:ESTC) ZACKS·2024-11-14 16:00Company Overview - Elastic (ESTC) is expected to report a year-over-year increase in earnings, with a projected EPS of $0.38, reflecting a change of +2.7% [3] - Revenue is anticipated to reach $354.24 million, marking a 14.1% increase from the previous year [3] Earnings Expectations - The earnings report is scheduled for November 21, 2024, and the stock may rise if results exceed expectations, while a miss could lead to a decline [2] - The consensus EPS estimate has been revised down by 0.65% over the last 30 days, indicating a bearish sentiment among analysts [4] Earnings Surprise Prediction - The Most Accurate Estimate for Elastic is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -3.20%, which complicates predictions of an earnings beat [10] - The company currently holds a Zacks Rank of 4 (Sell), further diminishing the likelihood of surpassing the consensus EPS estimate [10] Historical Performance - In the last reported quarter, Elastic exceeded the expected EPS of $0.25 by delivering $0.35, achieving a surprise of +40% [11] - Over the past four quarters, Elastic has consistently beaten consensus EPS estimates [12] Industry Context - In the Zacks Internet - Software industry, Snowflake Inc. (SNOW) is expected to report earnings of $0.15 per share, reflecting a year-over-year decline of -40% [16] - Snowflake's revenue is projected at $898.77 million, up 22.4% from the previous year [16] - Despite a recent EPS estimate revision down by 0.1%, Snowflake has an Earnings ESP of 13.92%, but its Zacks Rank of 4 (Sell) complicates predictions of an earnings beat [17]