Search AI platform provider Elastic (NYSE: ESTC) will be reporting results this Thursday after the bell. Here’s what you need to know.
Elastic beat analysts’ revenue expectations by 4.5% last quarter, reporting revenues of $415.3 million, up 19.5% year on year. It was a strong quarter for the company, with a solid beat of analysts’ EBITDA estimates and a solid beat of analysts’ annual recurring revenue estimates. It added 40 enterprise customers paying more than $100,000 annually to reach a total of 1,550.
Is Elastic a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Elastic’s revenue to grow 14.4% year on year to $417.9 million, slowing from the 17.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.58 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Elastic has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 2.6% on average.
Looking at Elastic’s peers in the data and analytics software segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Teradata’s revenues decreased 5.5% year on year, beating analysts’ expectations by 2.4%, and Confluent reported revenues up 19.3%, topping estimates by 2.1%. Teradata traded up 32.6% following the results while Confluent was also up 7.1%.
Read our full analysis of Teradata’s results here and Confluent’s results here.
Debates over possible tariffs and corporate tax adjustments have raised questions about economic stability in 2025. While some of the data and analytics software stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 5.9% on average over the last month. Elastic is up 5.9% during the same time and is heading into earnings with an average analyst price target of $119.41 (compared to the current share price of $88.85).
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