Elastic N.V. (NYSE:ESTC) is reporting second quarter financial results on Wednesday 2nd December 2020, after market close.
According to analysts surveyed by Thomson Reuters, ESTC is expected to report 2Q21 loss of $ 0.2 per share from revenue of $ 130.50 million.
For the full year, analysts anticipate top line of $ 548.86 million, while looking forward to loss of $ 0.71 per share bottom line.
The Company Outlook
Earnings for 2Q21 are anticipated in a range of $ -0.22 ~ $ -0.20 per share, while revenues are expected in a range of $ 129.00 million ~ $ 131.00 million
Full Year 2021 topline are forecasted in a range of$ 544.00 million ~ $ 550.00 million, where as bottomline are predicted in a range of $ -0.83 ~ $ -0.69 per share
Click Here For More Historical Outlooks Of Elastic N.V.
Previous Quarter Performance
Elastic N.V. unveiled income for the first quarter of $ 0.06 per share, from the revenue of $ 128.87 million. Street analysts expected Elastic N.V. to report loss of $ 0.18 per share on revenue of $ 120.86 million for the first quarter. The bottom line results beat street analysts by $ 0.24 or 133.33 percent, at the same time, top line results outshined analysts by $ 8.01 million or 6.63 percent.
Stock Performance
Shares of Elastic N.V. traded low $ -3.00 or -2.42 percent on Tuesday, reaching $ 120.80 with volume of 1.21 million shares. Elastic N.V. has traded high as $ 123.84 and has cracked $ 119.12 on the downward trend
According to the previous trading day, closing price of $ 120.80, representing a 217.35 % increase from the 52 week low of $ 39.01 and a 3.21 % decrease over the 52 week high of $ 127.90.
The company has a market capital of $ 10.48 billion and is part of the Technology sector and Software – Application industry.
Recent Analyst recommendations
- On 15th October 2020, maintained by Canaccord Genuity at Buy rating, with $ 145.00 target price.
- On 6th October 2020, maintained by RBC Capital at Outperform rating, with $ 130.00 target price.
Conference Call
Elastic N.V. will be hosting a conference call at 5:00 PM eastern time on 2nd December 2020, to discuss its 2Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.elastic.co
Elastic N.V. develops and delivers technology that enables users to search structured and unstructured data for a range of consumer and enterprise applications. It primarily provides Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as performs search, analysis, and visualization.
