A Preview Of Elastic's Earnings

Elastic ESTC is set to give its latest quarterly earnings report on Wednesday, 2021-12-01. Here's what investors need to know before the announcement.

Analysts estimate that Elastic will likely report an Earnings Per Share (EPS) of $-0.16.

Elastic bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company beat EPS by $0.14, which was followed by a 3.03% drop in the share price the next day.

Here's a look at Elastic's past performance and the resulting price change:

Stock Performance

Shares of Elastic were trading at $159.39 as of November 29. Over the last 52-week period, shares are up 33.99%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all upcoming earnings announcements, click here to use Benzinga Earnings Calendar.