Elastic's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Elastic (NYSE:ESTC) is set to release its latest quarterly earnings report on August 31, 2023. Analysts estimate an earnings per share (EPS) of $0.11. The company's past performance shows it beat EPS estimates last quarter, resulting in a 0.88% increase in share price. However, the stock has been down 26.2% over the last 52-week period.
August 30, 2023 | 3:01 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Elastic's upcoming earnings report could potentially impact its stock price. The company's past performance shows it beat EPS estimates last quarter, which led to a slight increase in share price. However, the stock has been down over the past year.
Elastic's earnings report is a key event that could influence its stock price. If the company beats the EPS estimate like it did last quarter, it could potentially lead to a positive reaction in the stock market. However, the overall negative trend in the stock's performance over the past year could dampen investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100