Elastic (NYSE:ESTC) Releases FY 2027 Earnings Guidance

Elastic (NYSE:ESTC) issued an update on its FY 2027 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 3.210-3.290 for the period, compared to the consensus estimate of 2.280. The company issued revenue guidance of $2.0 billion-$2.0 billion, compared to the consensus revenue estimate of $2.0 billion. Elastic also updated its Q1 2027 guidance to 0.570-0.590 EPS.

Elastic Trading Up 6.6%

ESTC traded up $3.58 during midday trading on Thursday, reaching $57.48. 6,254,347 shares of the company’s stock traded hands, compared to its average volume of 2,035,554. The firm has a fifty day moving average of $50.16 and a two-hundred day moving average of $63.05. The stock has a market capitalization of $5.95 billion, a price-to-earnings ratio of -71.85, a P/E/G ratio of 102.95 and a beta of 0.88. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.82 and a quick ratio of 1.82. Elastic has a 52 week low of $42.05 and a 52 week high of $96.07.

Elastic (NYSE:ESTC) last released its quarterly earnings results on Thursday, May 28th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.05. The business had revenue of $450.68 million during the quarter, compared to analyst estimates of $446.66 million. Elastic had a negative return on equity of 2.34% and a negative net margin of 5.04%.Elastic has set its FY 2027 guidance at 3.210-3.290 EPS and its Q1 2027 guidance at 0.570-0.590 EPS. On average, equities analysts anticipate that Elastic will post 0.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

ESTC has been the subject of several research reports. Oppenheimer decreased their target price on Elastic from $100.00 to $85.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Rothschild & Co Redburn initiated coverage on Elastic in a research report on Thursday, April 23rd. They issued a “neutral” rating and a $49.00 target price for the company. Royal Bank Of Canada decreased their target price on Elastic from $80.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, April 16th. Morgan Stanley decreased their target price on Elastic from $80.00 to $73.00 and set an “overweight” rating for the company in a research report on Monday, March 2nd. Finally, Cantor Fitzgerald decreased their target price on Elastic from $66.00 to $59.00 and set a “neutral” rating for the company in a research report on Tuesday. Eighteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $86.96.

Insider Activity at Elastic

In other Elastic news, CRO Mark Eugene Dodds sold 3,723 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $52.28, for a total transaction of $194,638.44. Following the sale, the executive directly owned 152,563 shares in the company, valued at approximately $7,975,993.64. This trade represents a 2.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ashutosh Kulkarni sold 17,756 shares of the stock in a transaction on Monday, March 9th. The shares were sold at an average price of $52.28, for a total value of $928,283.68. Following the sale, the chief executive officer owned 409,145 shares in the company, valued at approximately $21,390,100.60. This represents a 4.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 38,188 shares of company stock worth $1,996,469 over the last quarter. 12.70% of the stock is currently owned by company insiders.

Elastic News Summary

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Elastic beat Q4 EPS and revenue expectations, posting $0.61 per share versus $0.56 expected and revenue of $450.7 million versus $446.7 million expected. Elastic Reports Fourth Quarter and Fiscal 2026 Financial Results
• Positive Sentiment: Management’s guidance came in above consensus: fiscal Q1 2027 EPS guidance of $0.57-$0.59 versus $0.50 expected, and FY 2027 EPS guidance of $3.21-$3.29 versus $2.28 expected. Elastic N.V. (ESTC) Stock Falls on Q4 2026 Earnings
• Positive Sentiment: Revenue guidance was essentially in line, while the company highlighted strong cash flow and a larger contracted backlog, which supports the long-term demand story. Elastic shares fall 3.2% as investors digest Q4 results and fiscal 2027 outlook
• Neutral Sentiment: Analysts remained broadly constructive, with recent Buy/Outperform ratings and several price-target updates still implying upside, even though JPMorgan trimmed its target from $99 to $80. Oppenheimer Reiterates Buy Rating on Elastic N.V. (ESTC)
• Negative Sentiment: Some investors may be worried that fiscal 2027 growth is only in the mid-teens, which can look like a slowdown versus expectations and help explain the stock’s weakness around the earnings release. Elastic shares fall 3.2% as investors digest Q4 results and fiscal 2027 outlook

Institutional Trading of Elastic

Several institutional investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. boosted its stake in Elastic by 80.9% during the 4th quarter. Pacer Advisors Inc. now owns 10,539 shares of the company’s stock valued at $795,000 after purchasing an additional 4,714 shares during the last quarter. Invesco Ltd. boosted its stake in Elastic by 17.6% during the 4th quarter. Invesco Ltd. now owns 128,844 shares of the company’s stock valued at $9,720,000 after purchasing an additional 19,304 shares during the last quarter. Corient Private Wealth LLC boosted its stake in Elastic by 805.7% during the 4th quarter. Corient Private Wealth LLC now owns 36,420 shares of the company’s stock valued at $2,748,000 after purchasing an additional 32,399 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in Elastic by 153.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 79,926 shares of the company’s stock valued at $6,030,000 after purchasing an additional 48,344 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its stake in Elastic by 13.2% during the 4th quarter. Mackenzie Financial Corp now owns 291,536 shares of the company’s stock valued at $22,296,000 after purchasing an additional 33,925 shares during the last quarter. 97.03% of the stock is currently owned by hedge funds and other institutional investors.

Elastic Company Profile

Elastic N.V. operates as a search and analytics company, offering a suite of open source and subscription-based solutions for search, observability and security use cases. Its flagship product, Elasticsearch, enables fast and scalable full-text search and analytics across large volumes of structured and unstructured data. Complementary tools such as Kibana provide visualization capabilities, while Beats and Logstash serve as lightweight data shippers and data processing pipelines, respectively.

The company was founded in 2012 by Shay Banon, who serves as chief technology officer, and Steven Schuurman.