Elastic NV reports results for the quarter ended October 31 - Earnings Summary

• Elastic NV ESTC.N reported quarterly adjusted earnings of 59 cents​​ per share for the quarter ended October 31, higher than the same quarter last year, when the company reported EPS of 37 cents. The mean expectation of twenty five analysts for the quarter was for earnings of 38 cents per share. Wall Street expected results to range from 35 cents to 40 cents per share.

• Revenue rose 17.6% to $365.36 million from a year ago; analysts expected $356.52 million.

• Elastic NV's reported EPS for the quarter was a loss of 25 cents​.

• The company reported a quarterly loss of $25.45 million.

• Elastic NV shares had risen by 15.4% this quarter and lost 21.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 14.6% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy," 8 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the software peer group is also "buy"

Wall Street's median 12-month price target for Elastic NV is $100.00

This summary was machine generated from LSEG data November 21 at 10:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)