Elastic Q4 Adj $0.21 Beats $0.20 Estimate, Sales $335.00M Beat $329.48M Estimate
Portfolio Pulse from Benzinga Newsdesk
Elastic (NYSE:ESTC) reported Q4 earnings of $0.21 per share, beating the analyst estimate of $0.20. Sales were $335 million, surpassing the $329.48 million estimate. Despite a 4.55% decrease in earnings per share from last year, sales increased by 19.67%.
May 30, 2024 | 8:26 pm
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Elastic reported Q4 earnings of $0.21 per share, beating the $0.20 estimate. Sales were $335 million, exceeding the $329.48 million estimate. Despite a 4.55% decrease in EPS from last year, sales increased by 19.67%.
Elastic's Q4 earnings and sales both exceeded analyst estimates, which is likely to positively impact the stock price in the short term. The significant increase in sales year-over-year further supports a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100