Elastic (ESTC) to Release Quarterly Earnings on Thursday

Elastic (NYSE:ESTC) is scheduled to post its quarterly earnings results after the market closes on Thursday, November 21st. Analysts expect Elastic to post earnings of $0.38 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Elastic (NYSE:ESTC) last announced its earnings results on Thursday, August 29th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.10. Elastic had a net margin of 4.62% and a negative return on equity of 17.54%. The firm had revenue of $347.42 million for the quarter, compared to analysts’ expectations of $344.67 million. During the same quarter in the previous year, the business posted ($0.35) EPS. The company’s quarterly revenue was up 18.3% on a year-over-year basis. On average, analysts expect Elastic to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Elastic Trading Up 0.4 %

Shares of NYSE ESTC opened at $90.12 on Thursday. Elastic has a 1 year low of $69.00 and a 1 year high of $136.06. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.91 and a quick ratio of 1.91. The firm has a 50-day moving average of $79.15 and a 200 day moving average of $97.65. The stock has a market cap of $9.26 billion, a P/E ratio of 163.85 and a beta of 0.94.

Insider Activity at Elastic

In related news, Director Paul R. Auvil III bought 20,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were bought at an average cost of $74.25 per share, for a total transaction of $1,485,000.00. Following the completion of the transaction, the director now owns 22,627 shares of the company’s stock, valued at approximately $1,680,054.75. This trade represents a 700.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Paul R. Auvil III bought 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was bought at an average price of $74.25 per share, with a total value of $1,485,000.00. Following the acquisition, the director now owns 22,627 shares of the company’s stock, valued at approximately $1,680,054.75. This represents a 700.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Shay Banon sold 2,666 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $70.25, for a total value of $187,286.50. Following the sale, the chief technology officer now directly owns 4,543,190 shares in the company, valued at approximately $319,159,097.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,406 shares of company stock worth $2,627,772. 15.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ESTC. Rosenblatt Securities reissued a “buy” rating and issued a $136.00 price target on shares of Elastic in a research report on Tuesday, August 27th. TD Cowen reduced their price target on Elastic from $110.00 to $80.00 and set a “hold” rating for the company in a report on Friday, August 30th. Royal Bank of Canada lowered their price target on Elastic from $135.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Jefferies Financial Group cut their price objective on shares of Elastic from $140.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Finally, Baird R W cut shares of Elastic from a “strong-buy” rating to a “hold” rating in a report on Friday, August 30th. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $103.71.

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.