Elastic Expects Q2 Total Revenue Of $303M-$305M (Est. $301.87M), Non-GAAP EPS Of $0.23-$0.25 (Est. $0.20)
Portfolio Pulse from Benzinga Newsdesk
Elastic has projected its Q2 total revenue to be between $303M-$305M, surpassing the estimated $301.87M. The company also expects its Non-GAAP EPS to be between $0.23-$0.25, higher than the estimated $0.20.
August 31, 2023 | 8:39 pm
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POSITIVE IMPACT
Elastic's Q2 revenue and Non-GAAP EPS forecasts are higher than estimates, which could positively impact its stock price.
Elastic's higher than expected Q2 revenue and Non-GAAP EPS forecasts indicate strong financial performance, which is likely to be viewed positively by investors and could lead to an increase in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100