Elastic N.V. (NYSE:ESTC) is reporting first quarter earnings results on Wednesday 26th August 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.18 per share from $ 120.86 million in revenue.
For the full year, analysts predict revenues of $ 537.10 million, while looking forward to loss of $ 0.91 per share.
The Company Outlook
Revenue for 1Q21 are expected in a range of $ 119.00 million ~ $ 122.00 million
Full Year 2021 topline are forecasted in a range of$ 530.00 million ~ $ 540.00 million, where as bottomline are predicted in a range of $ -0.98 ~ $ -0.85 per share
Click Here For More Historical Outlooks Of Elastic N.V.
Previous Quarter Performance
Elastic N.V. unwinded loss for the fourth quarter of $ 0.12 per share, from the revenue of $ 123.62 million. The quarterly revenues boosted 53.37 percent compared with the same quarter last year. Street analysts expected Elastic N.V. to report loss of $ 0.31 per share on revenue of $ 116.95 million for the fourth quarter. The bottom line results beat street analysts by $ 0.19 or 61.29 percent, at the same time, top line results outshined analysts by $ 6.67 million or 5.70 percent.
Stock Performance
Shares of Elastic N.V. traded high $ 1.44 or 1.39 percent on Tuesday, reaching $ 104.79 with volume of 740.60 thousand shares. The stock opened down for the day at $ 102.64, after closing the previous day trading at $ 103.35.
According to the previous trading day, closing price of $ 103.35, representing a 164.93 % increase from the 52 week low of $ 39.01 and a 5.66 % decrease over the 52 week high of $ 109.55.
The company has a market capital of $ 8.94 billion and is part of the Technology sector and Software – Application industry.
Recent Analyst recommendations
- On 20th August 2020, upgraded by Citigroup to Buy from Neutral rating, with $ 126.00 target price.
Conference Call
Elastic N.V. will be hosting a conference call at 5:00 PM eastern time on 26th August 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website 78449.choruscall.com/dataconf/productusers/estc/mediaframe/39957/indexr.html
Elastic N.V. develops and delivers technology that enables users to search structured and unstructured data for a range of consumer and enterprise applications. It primarily provides 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.
