We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Unveiling Elastic (ESTC) Q4 Outlook: Wall Street Estimates for Key Metrics
Read MoreHide Full Article
Wall Street analysts expect Elastic (ESTC - Free Report) to post quarterly earnings of $0.37 per share in its upcoming report, which indicates a year-over-year increase of 76.2%. Revenues are expected to be $380.07 million, up 13.5% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific Elastic metrics that are routinely monitored and predicted by Wall Street analysts.
Based on the collective assessment of analysts, 'Revenue- Services' should arrive at $24.31 million. The estimate indicates a change of +1.2% from the prior-year quarter.
It is projected by analysts that the 'Revenue- Subscription' will reach $355.67 million. The estimate indicates a year-over-year change of +14.4%.
Analysts' assessment points toward 'Revenue- Subscription- Elastic Cloud' reaching $181.66 million. The estimate suggests a change of +22.8% year over year.
Analysts expect 'Revenue- Subscription- Other subscription' to come in at $173.23 million. The estimate suggests a change of +6.3% year over year.
Over the past month, Elastic shares have recorded returns of +13.3% versus the Zacks S&P 500 composite's +10.7% change. Based on its Zacks Rank #3 (Hold), ESTC will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Unveiling Elastic (ESTC) Q4 Outlook: Wall Street Estimates for Key Metrics
Wall Street analysts expect Elastic (ESTC - Free Report) to post quarterly earnings of $0.37 per share in its upcoming report, which indicates a year-over-year increase of 76.2%. Revenues are expected to be $380.07 million, up 13.5% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific Elastic metrics that are routinely monitored and predicted by Wall Street analysts.
Based on the collective assessment of analysts, 'Revenue- Services' should arrive at $24.31 million. The estimate indicates a change of +1.2% from the prior-year quarter.
It is projected by analysts that the 'Revenue- Subscription' will reach $355.67 million. The estimate indicates a year-over-year change of +14.4%.
Analysts' assessment points toward 'Revenue- Subscription- Elastic Cloud' reaching $181.66 million. The estimate suggests a change of +22.8% year over year.
Analysts expect 'Revenue- Subscription- Other subscription' to come in at $173.23 million. The estimate suggests a change of +6.3% year over year.
View all Key Company Metrics for Elastic here>>>
Over the past month, Elastic shares have recorded returns of +13.3% versus the Zacks S&P 500 composite's +10.7% change. Based on its Zacks Rank #3 (Hold), ESTC will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>