Elastic Q1 Adj EPS $0.25 Beats $0.11 Estimate, Sales $293.75M Beat $284.44M Estimate
Portfolio Pulse from Benzinga Newsdesk
Elastic (NYSE:ESTC) reported Q1 adjusted earnings of $0.25 per share, beating the analyst consensus estimate of $0.11 by 127.27%. This represents a 266.67% increase over losses from the same period last year. The company also reported quarterly sales of $293.75 million, beating the analyst consensus estimate of $284.44 million by 3.27%, a 17.46% increase from last year.
August 31, 2023 | 8:10 pm
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POSITIVE IMPACT
Elastic's Q1 earnings and sales beat analyst estimates, indicating strong financial performance. This could potentially lead to a positive impact on the company's stock.
Elastic's Q1 earnings and sales have significantly exceeded analyst estimates, which is typically a positive signal for investors and can lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100