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$109.90PE Ratio
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Enterprise software company Elastic (ESTC 3.55%) reported financial results for its fiscal second quarter of 2025 last week and the report was met with enthusiasm from investors. The stock gained over 20% last week primarily thanks to its Q2 report.
Elastic (ESTC) handily surpassed Wall Street's earnings expectations and lifted its outlook, sending shares in the enterprise data software company sharply higher on Friday.
Q3 marked a rebound for many tech stocks, with Elastic surging ~25% post-Q2 results and raising its annual guidance, erasing YTD losses. Elastic's success is driven by improving sales execution, profitability, and cash flow, along with increased demand for its generative AI-powered products. The company is focusing on upmarket customers and generating significant margin expansion, supported by a +110% net revenue retention rate.
Elastic's recent earnings report exceeded expectations, leading to a 25% share price jump, highlighting its growth and profitability in a bullish market. With 18% y/y revenue growth and strong cloud revenue, Elastic's near-term prospects are promising, supported by increased AI adoption and customer commitments. Valued at 46x forward free cash flow, Elastic's strong balance sheet and expanding operating margins make it a compelling investment in the tech sector.
Elastic N.V. (NYSE:ESTC ) Q2 2025 Earnings Conference Call November 21, 2024 5:00 PM ET Company Participants Anthony Luscri - VP of IR Ashutosh Kulkarni - CEO Janesh Moorjani - CFO and COO Eric Prengel - Interim CFO Conference Call Participants Matthew Hedberg - RBC Capital Markets Pinjalim Bora - JPMorgan Tyler Radke - Citi Koji Ikeda - Bank of America Brent Thill - Jefferies Raimo Lenschow - Barclays Ittai Kidron - Oppenheimer Howard Ma - Guggenheim Securities Austin Dietz - UBS Kash Rangan - Goldman Sachs Operator Good day and welcome to the Elastic Second Quarter Fiscal 2025 Earnings Results Conference Call.
The headline numbers for Elastic (ESTC) give insight into how the company performed in the quarter ended October 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Elastic (ESTC) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.37 per share a year ago.
Elastic stock surged late Thursday, after the data software company posted a big earnings beat. The post Elastic Stock Rockets Higher As Data Software Player Posts Big Earnings Beat appeared first on Investor's Business Daily.
Elastic (ESTC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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