Elastic Raises FY24 Adj EPS Outlook From $0.94-$1.06 To $1.01-$1.11, Est. $0.99
Portfolio Pulse from Benzinga Newsdesk
Elastic has increased its FY24 adjusted EPS outlook from $0.94-$1.06 to $1.01-$1.11, surpassing the estimated $0.99.
August 31, 2023 | 8:44 pm
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POSITIVE IMPACT
Elastic's raised FY24 adjusted EPS outlook could potentially lead to a positive market reaction.
Elastic's raised EPS outlook for FY24 indicates better-than-expected profitability, which could potentially attract investors and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100