Elastic (ESTC) Expected to Release Quarterly Earnings on Thursday

Elastic (NYSE:ESTC) is projected to post its Q1 2027 results after the market closes on Thursday, August 27th. Analysts expect the company to announce earnings of $0.5840 per share and revenue of $469.7380 million for the quarter. Elastic has set its FY 2027 guidance at 3.210-3.290 EPS and its Q1 2027 guidance at 0.570-0.590 EPS. Investors may visit the the company’s upcoming Q1 2027 earning summary page for the latest details on the call scheduled for Thursday, August 27, 2026 at 5:00 PM ET.

Elastic (NYSE:ESTC) last issued its quarterly earnings results on Thursday, May 28th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.56 by $0.05. The company had revenue of $450.68 million for the quarter, compared to the consensus estimate of $446.66 million. Elastic had a net margin of 21.14% and a negative return on equity of 1.82%. The firm’s revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.47 EPS. On average, analysts expect Elastic to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Elastic Stock Down 3.1%

Shares of NYSE ESTC opened at $83.25 on Tuesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.68 and a quick ratio of 1.68. The company has a market cap of $8.65 billion, a P/E ratio of 23.78, a PEG ratio of 21.54 and a beta of 0.98. Elastic has a 1 year low of $42.05 and a 1 year high of $96.07. The firm has a 50-day simple moving average of $66.12 and a two-hundred day simple moving average of $58.29.

Insider Buying and Selling

In related news, CTO Shay Banon sold 9,288 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $60.61, for a total value of $562,945.68. Following the completion of the sale, the chief technology officer directly owned 4,417,140 shares of the company’s stock, valued at $267,722,855.40. This represents a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 stock was sold at an average price of $60.61, for a total transaction of $1,117,587.79. Following the transaction, the executive owned 298,211 shares in the company, valued at approximately $18,074,568.71. The trade was a 5.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 110,099 shares of company stock valued at $6,673,100 over the last quarter. 12.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Elastic

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Geneos Wealth Management Inc. purchased a new position in Elastic during the second quarter valued at approximately $31,000. Aster Capital Management DIFC Ltd lifted its holdings in Elastic by 206.1% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 551 shares of the company’s stock worth $42,000 after buying an additional 371 shares during the period. Kestra Advisory Services LLC purchased a new stake in Elastic during the fourth quarter worth $49,000. Quarry LP boosted its position in Elastic by 16,200.0% during the 4th quarter. Quarry LP now owns 652 shares of the company’s stock valued at $49,000 after acquiring an additional 648 shares in the last quarter. Finally, Empowered Funds LLC bought a new stake in Elastic during the 4th quarter valued at $62,000. 97.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Barclays upped their target price on Elastic from $68.00 to $94.00 and gave the company an “overweight” rating in a research note on Monday. Piper Sandler restated an “overweight” rating on shares of Elastic in a report on Friday, June 26th. Wedbush dropped their price objective on Elastic from $74.00 to $65.00 and set an “outperform” rating for the company in a report on Friday, May 29th. Morgan Stanley downgraded Elastic from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $73.00 to $66.00 in a research report on Tuesday, July 21st. Finally, Zacks Research upgraded Elastic from a “strong sell” rating to a “hold” rating in a research note on Friday, June 26th. Seventeen research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $85.56.

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.