Elastic (ESTC) Q1 Earnings on the Horizon: Analysts' Insights on Key Performance Measures

Core Insights - The upcoming earnings report from Elastic (ESTC) is projected to show quarterly earnings of $0.42 per share, reflecting a 20% increase year-over-year, with revenues expected to reach $396.89 million, a 14.2% increase from the previous year [1] Group 1: Earnings Estimates - The consensus EPS estimate for the quarter has remained unchanged over the past 30 days, indicating analysts' reassessment of their projections [1] - Prior to earnings announcements, revisions to earnings estimates are crucial as they significantly influence investor actions regarding the stock [2] Group 2: Revenue Projections - The consensus estimate for 'Revenue- Services' is $25.24 million, indicating a 6.7% increase from the year-ago quarter [4] - Analysts expect 'Revenue- Subscription' to reach $371.59 million, reflecting a 14.8% increase year-over-year [4] - The estimate for 'Revenue- Subscription- Elastic Cloud' is projected at $189.97 million, suggesting a 20.8% increase from the previous year [4] - 'Revenue- Subscription- Other subscription' is anticipated to be $181.93 million, indicating a 9.3% increase from the prior-year quarter [5] Group 3: Stock Performance - Over the past month, shares of Elastic have decreased by 10.9%, contrasting with the Zacks S&P 500 composite's increase of 2.7% [5] - Currently, ESTC holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [5]