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.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Citigroup upped their price target on shares of Elastic from $136.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Baird R W upgraded Elastic from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. Morgan Stanley began coverage on Elastic in a report on Tuesday, December 17th. They set an “overweight” rating and a $130.00 price target on the stock. Oppenheimer increased their price objective on Elastic from $125.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Elastic in a research report on Friday, November 22nd. Seven analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Elastic presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.78.

Elastic Stock Performance

Shares of ESTC stock traded down $2.47 during trading on Thursday, reaching $101.05. 2,366,775 shares of the company’s stock were exchanged, compared to its average volume of 1,258,581. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $10.47 billion, a PE ratio of 183.73 and a beta of 1.07. Elastic has a twelve month low of $69.00 and a twelve month high of $136.06. The firm’s fifty day moving average price is $105.91 and its 200-day moving average price is $95.47.

Elastic (NYSE:ESTC) last issued its quarterly earnings data on Thursday, February 27th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.48). Elastic had a net margin of 4.39% and a negative return on equity of 13.20%. As a group, sell-side analysts anticipate that Elastic will post -0.77 EPS for the current year.

Insider Buying and Selling at Elastic

In other Elastic news, CEO Ashutosh Kulkarni sold 7,017 shares of the firm’s 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 sale, the chief executive officer now directly owns 395,326 shares in the company, valued at approximately $42,742,647.12. This trade represents a 1.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 15.90% of the company’s stock.

About Elastic

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.