Elastic (NYSE:ESTC) Issues FY 2025 Earnings Guidance

Elastic (NYSE:ESTC) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 1.910-1.960 for the period, compared to the consensus EPS estimate of 1.720. The company issued revenue guidance of $1.5 billion-$1.5 billion, compared to the consensus revenue estimate of $1.5 billion. Elastic also updated its Q4 2025 guidance to 0.360-0.370 EPS.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ESTC shares. JPMorgan Chase & Co. upped their price target on Elastic from $100.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. DA Davidson raised their price objective on shares of Elastic from $75.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. The Goldman Sachs Group upped their target price on shares of Elastic from $99.00 to $113.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Wedbush lowered shares of Elastic from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Finally, Piper Sandler increased their target price on Elastic from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Friday. Seven research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $131.09.

Elastic Stock Up 14.9 %

Shares of ESTC opened at $116.38 on Friday. The company has a market capitalization of $12.06 billion, a PE ratio of 211.61 and a beta of 1.07. The business’s 50 day moving average is $105.85 and its 200 day moving average is $95.51. Elastic has a 12-month low of $69.00 and a 12-month high of $136.06. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.70.

Elastic (NYSE:ESTC) last issued its quarterly earnings data on Thursday, February 27th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.48). The firm had revenue of $382.08 million for the quarter, compared to analysts’ expectations of $368.85 million. Elastic had a net margin of 4.39% and a negative return on equity of 13.20%. Research analysts expect that Elastic will post -0.77 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Elastic news, CEO Ashutosh Kulkarni sold 7,017 shares of Elastic stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $108.12, for a total value of $758,678.04. Following the completion of the transaction, the chief executive officer now directly owns 395,326 shares of the company’s stock, valued at $42,742,647.12. This trade represents a 1.74 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 15.90% of the company’s stock.

Elastic Company Profile

Elastic N.V., a data analytics company, delivers solutions designed to run in public or private clouds in multi-cloud environments. It primarily offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as performs search, analysis, and visualization on that data.