Elastic (NYSE:ESTC) Issues FY 2027 Earnings Guidance

Posted by George Bondi on Aug 27th, 2026

Elastic (NYSE:ESTC – Get Free Report) updated its FY 2027 earnings guidance on Thursday morning. The company provided earnings per share guidance of 3.290-3.370 for the period, compared to the consensus EPS estimate of 2.640. The company issued revenue guidance of $2.0 billion-$2.0 billion, compared to the consensus revenue estimate of $2.0 billion. Elastic also updated its Q2 2027 guidance to 0.800-0.820 EPS.

Elastic Price Performance

Shares of NYSE ESTC traded up $4.63 during mid-day trading on Thursday, reaching $83.88. 4,973,406 shares of the company were exchanged, compared to its average volume of 2,082,244. Elastic has a 52 week low of $42.05 and a 52 week high of $96.07. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $8.72 billion, a PE ratio of 23.96, a PEG ratio of 20.06 and a beta of 0.98. The company’s 50 day moving average price is $66.94 and its 200 day moving average price is $58.59.

Elastic (NYSE:ESTC – Get Free Report) last announced its earnings results on Thursday, August 27th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.12. The company had revenue of $478.11 million during the quarter, compared to analyst estimates of $469.75 million. Elastic had a net margin of 21.14% and a negative return on equity of 1.82%. Elastic has set its FY 2027 guidance at 3.290-3.370 EPS and its Q2 2027 guidance at 0.800-0.820 EPS. Sell-side analysts forecast that Elastic will post 0.24 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ESTC. William Blair started coverage on Elastic in a research report on Friday, May 22nd. They set an “outperform” rating on the stock. JPMorgan Chase & Co. upped their price objective on shares of Elastic from $80.00 to $93.00 and gave the company an “overweight” rating in a research note on Friday, August 21st. Weiss Ratings raised Elastic from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, July 15th. Citigroup lifted their price target on Elastic from $95.00 to $104.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Finally, Zacks Research raised shares of Elastic from a “strong sell” rating to a “hold” rating in a research note on Friday, June 26th. Seventeen equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $87.41.

View Our Latest Research Report on Elastic

Insiders Place Their Bets

In other news, CAO Jane E. Bone sold 1,104 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $60.61, for a total value of $66,913.44. Following the sale, the chief accounting officer directly owned 53,415 shares of the company’s stock, valued at $3,237,483.15. The trade was a 2.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Ken Exner sold 18,449 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $60.61, for a total value of $1,118,193.89. Following the completion of the sale, the insider owned 360,037 shares in the company, valued at $21,821,842.57. The trade was a 4.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 110,099 shares of company stock valued at $6,673,100. Insiders own 12.70% of the company’s stock.

Key Headlines Impacting Elastic

Here are the key news stories impacting Elastic this week:

Positive Sentiment: Quarterly earnings beat estimates: Elastic reported adjusted earnings of $0.70 per share, surpassing the $0.58 consensus estimate, while revenue of $478.11 million exceeded expectations of $469.75 million. The earnings and revenue beats support the bullish reaction, although the company’s return on equity remained negative at 1.82%. Elastic Press Release
Positive Sentiment: Momentum-focused investor interest: Zacks identified Elastic as a top-ranked momentum stock, potentially reinforcing demand for the shares following their strong recent performance. Zacks Momentum Stock Article
Positive Sentiment: Analyst support: Wells Fargo reportedly expects Elastic’s stock to rise, while Cantor Fitzgerald issued a favorable outlook, adding to the positive sentiment surrounding the company. Wells Fargo Elastic Analyst Outlook Cantor Fitzgerald Elastic Forecast
Neutral Sentiment: Mixed analyst targets: Rosenblatt reaffirmed a “buy” rating with an $83 price target, while DA Davidson raised its target to $80 but maintained a “neutral” rating. These targets suggest analysts see limited near-term upside after the recent rally. Rosenblatt Elastic Rating
Neutral Sentiment: Another analyst roundup described sentiment toward Elastic and other technology stocks as neutral. Analyst Neutrality Report

Institutional Investors Weigh In On Elastic

A number of institutional investors have recently modified their holdings of the stock. Orion Porfolio Solutions LLC increased its position in shares of Elastic by 1.4% during the third quarter. Orion Porfolio Solutions LLC now owns 8,593 shares of the company’s stock worth $726,000 after purchasing an additional 118 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Elastic by 17.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,159 shares of the company’s stock worth $98,000 after buying an additional 171 shares during the period. Public Employees Retirement System of Ohio lifted its stake in Elastic by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 28,323 shares of the company’s stock valued at $2,393,000 after buying an additional 175 shares during the last quarter. California State Teachers Retirement System increased its holdings in shares of Elastic by 0.3% in the 2nd quarter. California State Teachers Retirement System now owns 83,403 shares of the company’s stock valued at $7,033,000 after acquiring an additional 219 shares during the period. Finally, Fred Alger Management LLC raised its position in Elastic by 11.6% in the 3rd quarter. Fred Alger Management LLC now owns 3,347 shares of the company’s stock valued at $283,000 after purchasing an additional 347 shares during the last quarter. 97.03% of the stock is owned by hedge funds and other institutional investors.

About Elastic

(Get Free Report)

Elastic N.V. operates as a search and analytics company, offering a suite of open source and subscription-based solutions for search, observability and security use cases. Its flagship product, Elasticsearch, enables fast and scalable full-text search and analytics across large volumes of structured and unstructured data. Complementary tools such as Kibana provide visualization capabilities, while Beats and Logstash serve as lightweight data shippers and data processing pipelines, respectively.

The company was founded in 2012 by Shay Banon, who serves as chief technology officer, and Steven Schuurman.