Elastic Cuts FY25 Total Revenue Outlook From $1.468B -$1.480B To $1.436B - $1.444B (Est $1.478B), Raises Adj EPS Forecast From $1.35 - $1.47 To $1.52 - $1.56 (Est $1.42)
Portfolio Pulse from Benzinga Newsdesk
Elastic has revised its FY25 financial outlook, lowering its total revenue forecast from $1.468B-$1.480B to $1.436B-$1.444B, while raising its adjusted EPS forecast from $1.35-$1.47 to $1.52-$1.56.
August 29, 2024 | 8:14 pm
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Elastic has lowered its FY25 revenue forecast but increased its adjusted EPS forecast. This mixed guidance may lead to varied investor reactions.
The reduction in revenue forecast could be seen negatively as it suggests potential challenges in sales growth. However, the increase in adjusted EPS indicates improved profitability, which could be viewed positively. The mixed nature of the guidance may result in a neutral short-term impact on the stock price as investors weigh the implications.
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