Elastic Stock Surges 13% on Strong Q3 Earnings Bea…

From Financial Modeling Prep: 2025-02-28 12:04:00

Elastic N.V. (NYSE:ESTC) exceeded Q3 fiscal 2025 expectations, driving shares up 13%. Earnings per share hit $0.63, beating estimates of $0.47. Revenue rose 17% to $382 million, surpassing the $368.71 million forecast. Elastic Cloud revenue surged 26% to $180 million, with high-value customers growing to over 1,460.

Following a strong Q3, Elastic raised its fiscal 2025 guidance. Adjusted EPS is now projected between $1.91 and $1.96, above previous estimates of $1.86. Full-year revenue is forecasted to be between $1.474 billion and $1.476 billion, solidifying investor confidence in the company’s growth prospects.



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