Elastic (NYSE:ESTC) Issues FY 2027 Earnings Guidance

Elastic (NYSE:ESTC) issued an update on its FY 2027 earnings guidance on Thursday morning. The company provided EPS guidance of 3.210-3.290 for the period, compared to the consensus EPS estimate of 2.280. The company issued revenue guidance of $2.0 billion-$2.0 billion, compared to the consensus revenue estimate of $2.0 billion. Elastic also updated its Q1 2027 guidance to 0.570-0.590 EPS.

Elastic Trading Up 6.6%

Elastic stock opened at $57.48 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.82 and a current ratio of 1.82. The business’s 50-day simple moving average is $50.20 and its 200-day simple moving average is $62.82. The firm has a market capitalization of $5.95 billion, a PE ratio of -71.85, a PEG ratio of 101.99 and a beta of 0.88. Elastic has a 52 week low of $42.05 and a 52 week high of $96.07.

Elastic (NYSE:ESTC) last posted its quarterly earnings data on Thursday, May 28th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.05. The business had revenue of $450.68 million for the quarter, compared to analyst estimates of $446.66 million. Elastic had a negative return on equity of 2.34% and a negative net margin of 5.04%.The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.47 earnings per share. Elastic has set its FY 2027 guidance at 3.210-3.290 EPS and its Q1 2027 guidance at 0.570-0.590 EPS. Equities research analysts forecast that Elastic will post 0.04 earnings per share for the current year.

Analysts Set New Price Targets

ESTC has been the topic of a number of recent analyst reports. Oppenheimer dropped their price objective on Elastic from $100.00 to $85.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. The Goldman Sachs Group initiated coverage on Elastic in a research note on Tuesday, April 21st. They issued a “neutral” rating and a $50.00 price objective on the stock. Royal Bank Of Canada dropped their price objective on Elastic from $80.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, April 16th. DA Davidson dropped their price objective on Elastic from $80.00 to $65.00 and set a “neutral” rating on the stock in a research note on Monday, March 2nd. Finally, Canaccord Genuity Group dropped their price objective on Elastic from $115.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Eighteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $85.78.

Insiders Place Their Bets

In related news, insider Carolyn Herzog sold 3,989 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $52.28, for a total value of $208,544.92. Following the completion of the sale, the insider owned 85,335 shares in the company, valued at approximately $4,461,313.80. This trade represents a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ken Exner sold 4,310 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $52.28, for a total transaction of $225,326.80. Following the completion of the sale, the insider owned 222,728 shares of the company’s stock, valued at approximately $11,644,219.84. The trade was a 1.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 38,188 shares of company stock valued at $1,996,469 in the last quarter. 12.70% of the stock is currently owned by insiders.

Trending Headlines about Elastic

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Elastic beat fiscal Q4 estimates, reporting EPS of $0.61 versus $0.56 expected and revenue of $450.7 million versus $446.7 million expected, with revenue up 16% year over year. Article Title
• Positive Sentiment: The company also issued Q1 FY2027 EPS guidance of $0.57 to $0.59, above the Street’s $0.50 estimate, suggesting near-term earnings momentum. Article Title
• Positive Sentiment: Elastic highlighted stronger cash generation, including $152.7 million in operating cash flow and a larger contracted backlog, which may support the long-term growth story. Article Title
• Neutral Sentiment: Several analysts remain constructive, with Rosenblatt reiterating a Buy and JPMorgan still at Overweight, though JPMorgan cut its price target to $80 from $99, reflecting a more cautious near-term stance. Article Title
• Negative Sentiment: Investors appear disappointed by the company’s forward view, which implies mid-teens revenue growth in fiscal 2027 after a strong year, raising concerns that growth could be moderating. Article Title
• Negative Sentiment: The stock also saw pressure as some reports noted the market’s reaction to the earnings release and guidance was negative, with shares falling after the print despite the beat. Article Title

Institutional Investors Weigh In On Elastic

A number of institutional investors have recently added to or reduced their stakes in ESTC. Orion Porfolio Solutions LLC lifted its position in Elastic by 1.4% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 8,593 shares of the company’s stock valued at $726,000 after acquiring an additional 118 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Elastic by 17.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,159 shares of the company’s stock valued at $98,000 after acquiring an additional 171 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in Elastic by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 28,323 shares of the company’s stock valued at $2,393,000 after acquiring an additional 175 shares in the last quarter. California State Teachers Retirement System lifted its position in Elastic by 0.3% in the 2nd quarter. California State Teachers Retirement System now owns 83,403 shares of the company’s stock valued at $7,033,000 after acquiring an additional 219 shares in the last quarter. Finally, Fred Alger Management LLC lifted its position in Elastic by 11.6% in the 3rd quarter. Fred Alger Management LLC now owns 3,347 shares of the company’s stock valued at $283,000 after acquiring an additional 347 shares in the last quarter. 97.03% of the stock is owned by institutional investors and hedge funds.

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.