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

• Elastic NV ESTC.N reported quarterly adjusted earnings of 73 cents​​ per share for the quarter ended January 31, higher than the same quarter last year, when the company reported EPS of 63 cents. The mean expectation of twenty seven analysts for the quarter was for earnings of 65 cents per share. Wall Street expected results to range from 64 cents to 68 cents per share.

• Revenue rose 17.7% to $449.88 million from a year ago; analysts expected $438.48 million.

• Elastic NV's reported EPS for the quarter was 7 cents​.

• The company reported quarterly net income of $7.75 million.

• Elastic NV shares had fallen by 23.1% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.1% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy," 9 "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 $95.00, about 35.2% above its last closing price of $61.58

This summary was machine generated from LSEG data February 27 at 02:08 a.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)