Analysts Estimate Report : What to Look Out for Elastic Stock Forecast, Price & News (NYSE:ESTC)

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Earnings results for Elastic Stock Forecast, Price & News (NYSE:ESTC)

Elastic N.V. is expected* to report earnings on 08/26/2020 after market close. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 5 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.4. The reported EPS for the same quarter last year was $-0.51.

Elastic last announced its quarterly earnings data on June 3rd, 2020. The reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.19. The firm earned $123.60 million during the quarter, compared to the consensus estimate of $117.15 million. Its quarterly revenue was up 52.6% compared to the same quarter last year. Elastic has generated ($1.53) earnings per share over the last year. Elastic has confirmed that its next quarterly earnings report will be published on Wednesday, August 26th, 2020.

Analyst Opinion on Elastic Stock Forecast, Price & News (NYSE:ESTC)

14 Wall Street analysts have issued ratings and price targets for Elastic in the last 12 months. Their average twelve-month price target is $104.29, predicting that the stock has a possible downside of 0.04%. The high price target for ESTC is $137.00 and the low price target for ESTC is $84.00. There are currently 3 hold ratings and 11 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Elastic has received a consensus rating of Buy. The company’s average rating score is 2.79, and is based on 11 buy ratings, 3 hold ratings, and no sell ratings. According to analysts’ consensus price target of $104.29, Elastic has a forecasted downside of 0.0% from its current price of $104.33. Elastic has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Elastic Stock Forecast, Price & News (NYSE:ESTC)

Elastic does not currently pay a dividend. Elastic does not have a long track record of dividend growth.

Insiders buying/selling: Elastic Stock Forecast, Price & News (NYSE:ESTC)

In the past three months, Elastic insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $118,013,903.00 in company stock. 35.30% of the stock of Elastic is held by insiders. A high percentage of insider ownership can be a sign of company health. 70.23% of the stock of Elastic is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Elastic Stock Forecast, Price & News (NYSE:ESTC

Earnings for Elastic are expected to decrease in the coming year, from ($1.86) to ($2.04) per share. The P/E ratio of Elastic is -48.98, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Elastic is -48.98, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Elastic has a P/B Ratio of 20.62. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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