Will stock surge before Earnings results? Elastic (NYSE:ESTC)

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Earnings results for Elastic (NYSE:ESTC)

Elastic N.V. is expected* to report earnings on 02/24/2021 after market close. The report will be for the fiscal Quarter ending Jan 2021. According to Zacks Investment Research, based on 7 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.34. The reported EPS for the same quarter last year was $-0.48.

Elastic last announced its earnings results on December 2nd, 2020. The reported ($0.22) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.19. The firm earned $144.89 million during the quarter, compared to analysts’ expectations of $130.56 million. 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, February 24th, 2021. Elastic will be holding an earnings conference call on Wednesday, February 24th. Interested parties can register for or listen to the call using this link.

Analyst Opinion on Elastic (NYSE:ESTC)

16 Wall Street analysts have issued ratings and price targets for Elastic in the last 12 months. Their average twelve-month price target is $155.83, predicting that the stock has a possible downside of 4.17%. The high price target for ESTC is $190.00 and the low price target for ESTC is $90.00. There are currently 3 hold ratings and 13 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 2.81, and is based on 13 buy ratings, 3 hold ratings, and no sell ratings. According to analysts’ consensus price target of $155.83, Elastic has a forecasted downside of 4.2% from its current price of $162.62. Elastic has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Elastic (NYSE:ESTC)

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

Insiders buying/selling: Elastic (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 $164,504,453.00 in company stock. Only 25.20% of the stock of Elastic is held by insiders. 70.50% 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 (NYSE:ESTC

Earnings for Elastic are expected to decrease in the coming year, from ($1.13) to ($1.30) per share. The P/E ratio of Elastic is -108.41, 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 -108.41, 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 32.14. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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