Elastic (NYSE:ESTC) Issues Q2 2027 Earnings Guidance

Elastic (NYSE:ESTC) updated its second quarter 2027 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.800-0.820 for the period, compared to the consensus earnings per share estimate of 0.660. The company issued revenue guidance of $486.0 million-$487.0 million, compared to the consensus revenue estimate of $483.2 million. Elastic also updated its FY 2027 guidance to 3.290-3.370 EPS.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ESTC shares. Stifel Nicolaus set a $90.00 target price on Elastic in a research note on Tuesday, August 18th. JPMorgan Chase & Co. upped their price target on Elastic from $80.00 to $93.00 and gave the stock an “overweight” rating in a research note on Friday, August 21st. Royal Bank Of Canada increased their price objective on shares of Elastic from $70.00 to $87.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Barclays lifted their price objective on shares of Elastic from $68.00 to $94.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Guggenheim reissued a “buy” rating and issued a $106.00 target price on shares of Elastic in a report on Wednesday, August 19th. Seventeen research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat.com, Elastic has a consensus rating of “Moderate Buy” and a consensus price target of $87.41.

Elastic Price Performance

Shares of ESTC traded up $4.63 during mid-day trading on Thursday, hitting $83.88. 4,875,339 shares of the stock were exchanged, compared to its average volume of 2,080,636. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.68 and a current ratio of 1.68. The company has a market cap of $8.72 billion, a PE ratio of 23.96, a price-to-earnings-growth ratio of 20.06 and a beta of 0.98. Elastic has a 52-week low of $42.05 and a 52-week high of $96.07. The firm has a 50-day moving average of $66.94 and a two-hundred day moving average of $58.59.

Elastic (NYSE:ESTC) last announced its quarterly earnings results on Thursday, August 27th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.12. The company had revenue of $478.11 million for the quarter, compared to analysts’ expectations of $469.75 million. Elastic had a net margin of 21.14% and a negative return on equity of 1.82%. Elastic has set its FY 2027 guidance at 3.290-3.370 EPS and its Q2 2027 guidance at 0.800-0.820 EPS. On average, equities analysts predict that Elastic will post 0.24 earnings per share for the current year.

Insider Activity

In related news, insider Ken Exner sold 18,449 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $60.61, for a total value of $1,118,193.89. Following the completion of the transaction, the insider owned 360,037 shares of the company’s stock, valued at approximately $21,821,842.57. This trade represents a 4.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Mark Eugene Dodds sold 18,439 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $60.61, for a total transaction of $1,117,587.79. Following the completion of the transaction, the executive directly owned 298,211 shares of the company’s stock, valued at approximately $18,074,568.71. The trade was a 5.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 110,099 shares of company stock worth $6,673,100. 12.70% of the stock is owned by insiders.

Trending Headlines about Elastic

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Quarterly earnings beat estimates: Elastic reported adjusted earnings of $0.70 per share, surpassing the $0.58 consensus estimate, while revenue of $478.11 million exceeded expectations of $469.75 million. The earnings and revenue beats support the bullish reaction, although the company’s return on equity remained negative at 1.82%. Elastic Press Release
• Positive Sentiment: Momentum-focused investor interest: Zacks identified Elastic as a top-ranked momentum stock, potentially reinforcing demand for the shares following their strong recent performance. Zacks Momentum Stock Article
• Positive Sentiment: Analyst support: Wells Fargo reportedly expects Elastic’s stock to rise, while Cantor Fitzgerald issued a favorable outlook, adding to the positive sentiment surrounding the company. Wells Fargo Elastic Analyst Outlook Cantor Fitzgerald Elastic Forecast
• Neutral Sentiment: Mixed analyst targets: Rosenblatt reaffirmed a “buy” rating with an $83 price target, while DA Davidson raised its target to $80 but maintained a “neutral” rating. These targets suggest analysts see limited near-term upside after the recent rally. Rosenblatt Elastic Rating
• Neutral Sentiment: Another analyst roundup described sentiment toward Elastic and other technology stocks as neutral. Analyst Neutrality Report

Hedge Funds Weigh In On Elastic

Large investors have recently modified their holdings of the stock. Itau Unibanco Holding S.A. raised its stake in shares of Elastic by 372.5% in the fourth quarter. Itau Unibanco Holding S.A. now owns 1,857 shares of the company’s stock valued at $140,000 after acquiring an additional 1,464 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in shares of Elastic by 1,788.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,021 shares of the company’s stock worth $152,000 after purchasing an additional 1,914 shares during the period. NorthRock Partners LLC bought a new position in Elastic during the 3rd quarter valued at about $204,000. Banque Cantonale Vaudoise bought a new position in Elastic during the 3rd quarter valued at about $118,000. Finally, Headlands Technologies LLC purchased a new stake in Elastic in the 2nd quarter worth about $135,000. Institutional investors own 97.03% of the company’s stock.

Elastic Company Profile

Elastic N.V. operates as a search and analytics company, offering a suite of open source and subscription-based solutions for search, observability and security use cases. Its flagship product, Elasticsearch, enables fast and scalable full-text search and analytics across large volumes of structured and unstructured data. Complementary tools such as Kibana provide visualization capabilities, while Beats and Logstash serve as lightweight data shippers and data processing pipelines, respectively.

The company was founded in 2012 by Shay Banon, who serves as chief technology officer, and Steven Schuurman.