Curious about Elastic (ESTC) Q2 Performance? Explore Wall Street Estimates for Key Metrics

Zacks11-18

Wall Street analysts expect Elastic (ESTC) to post quarterly earnings of $0.38 per share in its upcoming report, which indicates a year-over-year increase of 2.7%. Revenues are expected to be $354.24 ...

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Revenues are expected to be $354.24 ...</p>\n\n<a href=\"https://finance.yahoo.com/news/curious-elastic-estc-q2-performance-141508263.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Curious about Elastic (ESTC) Q2 Performance? 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Explore Wall Street Estimates for Key Metrics\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-18 22:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/curious-elastic-estc-q2-performance-141508263.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wall Street analysts expect Elastic (ESTC) to post quarterly earnings of $0.38 per share in its upcoming report, which indicates a year-over-year increase of 2.7%. Revenues are expected to be $354.24 ...</p>\n\n<a href=\"https://finance.yahoo.com/news/curious-elastic-estc-q2-performance-141508263.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2098885051.SGD","symbol_name":"JPMorgan Funds - Multi-Manager Alternatives A (acc) SGD","start_time":0,"source_url":"https://finance.yahoo.com/news/curious-elastic-estc-q2-performance-141508263.html","article_id":"2484749677","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/6Ex_CnpNXcMseRWMhPXBow--~B/aD01ODg7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/3496571a811465d910e99bd171c71a94"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484749677","pubTimestamp":1731939308,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Wall Street analysts expect Elastic  to post quarterly earnings of $0.38 per share in its upcoming report, which indicates a year-over-year increase of 2.7%. Revenues are expected to be $354.24 million, up 14.1% from the year-ago quarter.The consensus EPS estimate for the quarter has undergone a downward revision of 0.7% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. 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Revenues are expected to be $354.24 million, up 14.1% from the year-ago quarter.\nThe consensus EPS estimate for the quarter has undergone a downward revision of 0.7% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.\nPrior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.\nWhile it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.\nBearing this in mind, let's now explore the average estimates of specific Elastic metrics that are commonly monitored and projected by Wall Street analysts.\nAnalysts expect 'Revenue- Services' to come in at $23.69 million. The estimate suggests a change of +3.6% year over year.\nIt is projected by analysts that the 'Revenue- Subscription' will reach $330.60 million. The estimate indicates a change of +14.9% from the prior-year quarter.\nBased on the collective assessment of analysts, 'Revenue- Subscription- Elastic Cloud' should arrive at $163.59 million. The estimate suggests a change of +21.2% year over year.\nThe consensus estimate for 'Revenue- Subscription- Other subscription' stands at $167.16 million. The estimate indicates a change of +9.4% from the prior-year quarter.View all Key Company Metrics for Elastic here>>>Shares of Elastic have experienced a change of +5.8% in the past month compared to the +1.1% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), ESTC is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nElastic N.V. (ESTC) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2484749677"}