Elastic (NYSE:ESTC) Updates Q1 2027 Earnings Guidance

Elastic (NYSE:ESTC) updated its first quarter 2027 earnings guidance on Thursday. The company provided EPS guidance of 0.570-0.590 for the period, compared to the consensus EPS estimate of 0.500. The company issued revenue guidance of $469.0 million-$470.0 million, compared to the consensus revenue estimate of $469.3 million. Elastic also updated its FY 2027 guidance to 3.210-3.290 EPS.

Elastic Stock Performance

ESTC stock traded up $3.58 during mid-day trading on Thursday, reaching $57.48. The company had a trading volume of 6,254,347 shares, compared to its average volume of 2,035,554. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $5.95 billion, a P/E ratio of -71.85, a P/E/G ratio of 102.95 and a beta of 0.88. Elastic has a one year low of $42.05 and a one year high of $96.07. The stock’s 50-day simple moving average is $50.16 and its two-hundred day simple moving average is $63.05.

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

Analyst Ratings Changes

ESTC has been the subject of several recent analyst reports. TD Cowen decreased their target price on shares of Elastic from $65.00 to $60.00 and set a “hold” rating for the company in a research report on Tuesday. Wells Fargo & Company reduced their price objective on Elastic from $75.00 to $60.00 and set an “equal weight” rating for the company in a research report on Friday, February 27th. Rothschild & Co Redburn initiated coverage on Elastic in a report on Thursday, April 23rd. They issued a “neutral” rating and a $49.00 price objective for the company. Cantor Fitzgerald lowered their target price on Elastic from $66.00 to $59.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Piper Sandler cut their target price on Elastic from $110.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. Eighteen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $86.96.

Insider Activity at Elastic

In related news, CEO Ashutosh Kulkarni sold 17,756 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $52.28, for a total transaction of $928,283.68. Following the completion of the sale, the chief executive officer directly owned 409,145 shares of the company’s stock, valued at $21,390,100.60. This represents a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Carolyn Herzog sold 3,989 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $52.28, for a total transaction of $208,544.92. Following the sale, the insider owned 85,335 shares of the company’s stock, valued at $4,461,313.80. The trade was a 4.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 38,188 shares of company stock worth $1,996,469. Company insiders own 12.70% of the company’s stock.

Key Stories Impacting Elastic

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 Investors Weigh In On Elastic

Large investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. acquired a new position in shares of Elastic in the 2nd quarter worth $31,000. Aster Capital Management DIFC Ltd lifted its holdings in shares of Elastic by 206.1% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 551 shares of the company’s stock valued at $42,000 after purchasing an additional 371 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Elastic in the 4th quarter valued at $49,000. Quarry LP increased its stake in Elastic by 16,200.0% in the 4th quarter. Quarry LP now owns 652 shares of the company’s stock worth $49,000 after purchasing an additional 648 shares in the last quarter. Finally, Empowered Funds LLC acquired a new stake in Elastic during the 4th quarter worth about $62,000. 97.03% of the stock is owned by institutional investors.

About Elastic

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.