Elastic (ESTC) Stock: Why Its Trending Today

By Amit Chowdhry ● Mar 4, 2022
  • The Elastic N.V. (NYSE: ESTC) stock is trending today. This is why.

The Elastic N.V. (NYSE: ESTC) stock is trending today. And the company stock price fell by over 0.6% pre-market today as part of a broader market selloff.

Elastic reported a Q3 EPS of ($0.12), which is $0.09 better than analyst estimates of ($0.21). The revenue for the quarter was $223.9 million compared to the consensus estimate of $209.36 million.

In terms of guidance, Elastic expects FY2022 EPS of ($0.42)-($0.38), compared to the consensus of ($0.53). And Elastic N.V. expects FY2022 revenue of $853-$855 million, compared to the consensus of $832.9 million.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.