Elastic N.V. beats Q3 expectations with increased revenue and positive guidance, leading to a 15% stock jump

From StockTwits: 2025-02-28 00:08:12

Elastic N.V. (ESTC) exceeded profitability metrics in Q3, with adjusted EPS at $0.63, up from $0.36 YoY, and revenue up 17% YoY to $382 million, beating consensus. Elastic Cloud revenue grew 26% YoY to $180 million, and customer counts increased. CEO Ash Kulkarni credited strong sales, market demand, and innovation for the outperformance. The company forecasts adjusted EPS of $0.36-$0.37 for Q4 and $1.91-$1.96 for fiscal year 2025, above analyst estimates. Elastic stock surged 15.08% after hours. Sentiment on Stockwits remains ‘bearish’ but message volume is high.



Read more at StockTwits: Elastic Stock Jumps 15% After-Hours After Solid Q3 Beat, Positive Guidance: Retail Mood Stays Depressed