Although the revenue and EPS for Elastic (ESTC) give a sense of how its business performed in the quarter ended July 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Elastic (ESTC) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.25 per share a year ago.
ESTC's first-quarter fiscal 2025 revenues and earnings are likely to have increased year over year.
The next-generation enterprise productivity specialist received a positive review heading into its earnings release. An analyst reiterated his buy recommendation on the stock.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Elastic (ESTC), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended July 2024.
Exciting opportunities are emerging in the artificial intelligence space, beyond the popular stocks like Nvidia and Microsoft. Elastic N.V.
Elastic has strong growth potential in the coming year despite weakness in the software space. The company's search AI Lake and Cloud serverless offering will bring it to the next level and provide quick search in a cloud-native platform. Elastic's prudent guidance sets a 16% revenue growth for the coming fiscal year, with a focus on customer success for large organizations.
Elastic N.V. (NYSE:ESTC ) Q4 2024 Earnings Conference Call May 30, 2024 5:00 PM ET Company Participants Anthony Luscri - Vice President of Investor Relations Ashutosh Kulkarni - Chief Executive Officer Janesh Moorjani - Chief Financial Officer and Chief Operating Officer Conference Call Participants Matthew Hedberg - RBC Capital Markets Brent Thill - Jefferies Pinjalim Bora - J.P.
While the top- and bottom-line numbers for Elastic (ESTC) give a sense of how the business performed in the quarter ended April 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Elastic (ESTC) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.22 per share a year ago.
Elastic stock gained Thursday, after the data software company reported April-quarter earnings and sales that beat views.
Elastic (ESTC) is expected to have seen a strong top line in fourth-quarter fiscal 2024. However, the bottom line is likely to have decreased.