Elastic (ESTC) Expected to Announce Earnings on Thursday

Elastic (NYSE:ESTC) is projected to post its Q3 2026 results before the market opens on Thursday, February 26th. Analysts expect Elastic to post earnings of $0.64 per share and revenue of $438.3680 million for the quarter. Investors are encouraged to explore the company’s upcoming Q3 2026 earning overview page for the latest details on the call scheduled for Thursday, February 26, 2026 at 5:00 PM ET.

Elastic (NYSE:ESTC) last announced its earnings results on Thursday, November 20th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.06. The business had revenue of $423.48 million during the quarter, compared to analyst estimates of $418.27 million. Elastic had a negative net margin of 6.79% and a negative return on equity of 2.02%. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.59 EPS. On average, analysts expect Elastic to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Elastic Price Performance

NYSE ESTC opened at $61.09 on Thursday. The stock has a market capitalization of $6.44 billion, a price-to-earnings ratio of -59.31, a PEG ratio of 245.86 and a beta of 0.93. Elastic has a 1-year low of $56.69 and a 1-year high of $117.49. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.97 and a quick ratio of 1.97. The business’s fifty day moving average price is $71.02 and its 200-day moving average price is $78.81.

Analyst Ratings Changes

A number of research analysts have weighed in on ESTC shares. JPMorgan Chase & Co. lowered their target price on Elastic from $120.00 to $113.00 and set an “overweight” rating on the stock in a report on Friday, November 21st. Weiss Ratings reiterated a “sell (d)” rating on shares of Elastic in a research note on Wednesday, January 21st. Wells Fargo & Company cut their target price on shares of Elastic from $90.00 to $75.00 and set an “equal weight” rating for the company in a research report on Friday, November 21st. Piper Sandler reduced their target price on shares of Elastic from $125.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, November 21st. Finally, Bank of America dropped their price target on shares of Elastic from $111.00 to $90.00 and set a “neutral” rating on the stock in a research note on Friday, November 21st. Seventeen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $104.88.

Insider Buying and Selling at Elastic

In other news, Director Paul R. Auvil III purchased 10,000 shares of the company’s stock in a transaction on Monday, December 1st. The stock was acquired at an average cost of $71.02 per share, for a total transaction of $710,200.00. Following the completion of the transaction, the director directly owned 37,956 shares in the company, valued at $2,695,635.12. This trade represents a 35.77% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Ashutosh Kulkarni sold 20,413 shares of the stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $75.05, for a total transaction of $1,531,995.65. Following the completion of the sale, the chief executive officer directly owned 431,901 shares of the company’s stock, valued at approximately $32,414,170.05. This trade represents a 4.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 61,828 shares of company stock valued at $4,641,010. 12.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Elastic

Large investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. bought a new position in shares of Elastic in the second quarter worth about $31,000. Aster Capital Management DIFC Ltd boosted its stake in Elastic by 206.1% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 551 shares of the company’s stock worth $42,000 after purchasing an additional 371 shares during the period. Kestra Advisory Services LLC purchased a new stake in Elastic during the 4th quarter valued at approximately $49,000. Quarry LP raised its position in shares of Elastic by 16,200.0% during the fourth quarter. Quarry LP now owns 652 shares of the company’s stock valued at $49,000 after buying an additional 648 shares during the last quarter. Finally, Empowered Funds LLC purchased a new position in shares of Elastic in the fourth quarter worth $62,000. 97.03% of the stock is currently owned by hedge funds and other institutional investors.

Elastic Company Profile

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.