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Elastic shares jump after beat and raised outlook
Elastic reported first-quarter fiscal 2027 adjusted EPS of $0.70 and revenue up 15% to $478 million, and it lifted full-year guidance to about $2.0 billion in revenue.
Elastic N.V. (NYSE: ESTC) broke a pattern of conservative guidance by pairing an earnings beat with an upgraded outlook, helping lift the stock by around 18% toward a near 52-week high, according to Yahoo Finance.
For the first quarter of fiscal 2027, Elastic posted adjusted EPS of $0.70 versus a $0.58 consensus and revenue that rose 15% to $478 million. The company also reported operating cash flow of $132 million, along with $1.461 billion in cash, cash equivalents, and marketable securities, and adjusted free cash flow of $143 million.
Elastic raised its full-year guidance to approximately $2.0 billion in revenue and between $3.29 and $3.37 in EPS. The article notes that the Street is split on whether AI search and observability are translating into sustained monetization.
Analyst and positioning signals remain mixed. Stifel increased its target from $90 to $107 and both Stifel and Rosenblatt kept a Buy rating, while TD Cowen maintained a Hold and Morgan Stanley retained an Equal Weight citing concerns about sustaining acceleration; hedge fund ownership fell to 42 from 50 quarters earlier, and short interest is near 6.8% of the float.