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Elastic (ESTC)
NYSE:ESTC
Earnings Data
Report Date
May 29, 2025TBA Not Confirmed
Period Ending
2025 (Q4)Consensus EPS Forecast
0.37Last Year’s EPS
0.21Same Quarter Last Year
Strong Buy
Based on 21 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -9.48%
|Next Earnings Date:May 29, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong quarter with notable revenue growth, increased high-value customer base, and momentum in generative AI applications. Although earlier sales execution issues and flat SMB growth posed challenges, the overall performance and strategic product innovations indicate a positive outlook.Company Guidance
During the Elastic Third Quarter Fiscal 2025 Earnings Results Call, Elastic reported strong financial performance, surpassing guidance metrics with a 17% year-over-year revenue growth and a 26% increase in cloud revenue. The non-GAAP operating margin was 17% of revenue, with notable expansion in customers spending over $100,000 annually, now totaling over 1,460. The company highlighted the impact of generative AI, which contributed to five deals exceeding $1 million in annual contract value. Elastic's efforts in the Gen AI domain resulted in over 1,750 Elastic Cloud customers using its platform for Gen AI use cases, with more than 270 of these customers spending over $100,000 annually. The company also announced the appointment of Navam Welihinda as the new CFO, effective February 28, 2025, and provided guidance for the fourth quarter, projecting total revenue between $379 million and $381 million, with a 13.5% non-GAAP operating margin.Strong Revenue Growth
Total revenue for the third quarter grew 17% year-over-year with cloud revenue growing 26% year-over-year, showing strong sales execution and market demand.
Increased High-Value Customer Base
The number of customers spending over $100,000 increased to over 1,460, and more customers spending over $1 million were added through the first three quarters compared to all of last year.
Generative AI Momentum
Five deals over $1 million were signed for Gen AI applications, with over 1,750 Elastic Cloud customers using Gen AI cases, including 270 spending over $100,000 annually.
Successful Product Innovations
Product innovations like Elastic Cloud Serverless and logsdb Index Mode were highlighted as key differentiators driving customer adoption and competitive wins.
Improved Financial Metrics
Non-GAAP operating margin was 16.8%, better than expected, driven by strong revenue outperformance and spending discipline.
Positive Cash Flow
Adjusted free cash flow was approximately $99 million, translating to a 26% adjusted free cash flow margin.
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ESTC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ESTC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $101.28 | $116.36 | +14.89% |
| Nov 21, 2024 | $94.13 | $108.03 | +14.77% |
| Aug 29, 2024 | $103.64 | $76.19 | -26.49% |
| May 30, 2024 | $93.18 | $104.05 | +11.67% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Elastic (ESTC) report earnings?
Elastic (ESTC) is schdueled to report earning on May 29, 2025, TBA Not Confirmed.
What is Elastic (ESTC) earnings time?
Elastic (ESTC) earnings time is at May 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ESTC EPS forecast?
ESTC EPS forecast for the fiscal quarter 2025 (Q4) is 0.37.
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