Elastic NV Q4 Earnings Beat Estimates: EPS $0.61
Elastic NV Reports Q4 Earnings Beat
Elastic NV (ESTC) reported adjusted earnings of $0.61 per share for the quarter ended April 30, beating the average analyst estimate of $0.56. This compares to $0.47 per share in the same quarter last year.
Revenue and Net Income
Revenue rose 16% year-over-year to $450.68 million, exceeding expectations of $446.64 million. Net income for the quarter was $435.9 million.
Stock Performance and Analyst Ratings
Elastic NV shares gained 7.8% during the quarter but are down 28.6% year-to-date. The average analyst rating is "buy," with 18 strong buy/buy, 12 hold, and no sell ratings. The median 12-month price target is $76.00, implying a 24.2% upside from the last close of $57.61.
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