Recap: Elastic Q2 Earnings

Shares of Elastic ESTC increased 5.92% after the company reported Q2 results.

Quarterly Results

Earnings per share rose 86.36% over the past year to ($0.03), which beat the estimate of ($0.20).

Revenue of $144,894,000 higher by 43.31% year over year, which beat the estimate of $130,500,000.

Looking Ahead

Elastics Sees Q3 Sales $145M-$147M Vs $139.76M Estimates, EPS$(0.16)-$(0.14) Vs $(0.28) Estimates, FY21 Sales $568M-$572M Vs $548.86M Estimates, EPS $(0.40)-$(0.32) Vs $(0.71) Estimtes

How To Listen To The Conference Call

Date: Dec 02, 2020

Time: 05:00 PM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/estc/mediaframe/41902/indexr.html

Recent Stock Performance

52-week high: $127.90

52-week low: $39.01

Price action over last quarter: Up 8.29%

Company Description

Elastic NV is a search company. It created the Elastic Stack, a powerful set of software products that ingest and store data from any source and in any format, and perform search, analysis, and visualization in milliseconds or less. The company also offers software solutions built on the Elastic Stack that address a wide variety of use cases including app search, site search, enterprise search, logging, metrics, business analytics, and security analytics. Its solution includes Enterprise Search; Observability and Security. Geographically, it derives a majority of revenue from the United States.