Elastic (ESTC) reported earnings on Wed 2 Dec 2020 (a/h)

 ** charts after earnings **

 

 

 

 

 

 

 

Elastic beats by $0.17, beats on revs; guides Q3 EPS above consensus, revs above consensus; raises FY21 guidance

Reports Q2 (Oct) loss of $0.03 per share, excluding non-recurring items, $0.17 better than the S&P Capital IQ Consensus of ($0.20); revenues rose 43.3% year/year to $144.9 mln vs the $130.48 mln S&P Capital IQ Consensus.

Co issues upside guidance for Q3, sees EPS of ($0.16) - ($0.14), excluding non-recurring items, vs. ($0.28) S&P Capital IQ Consensus; sees Q3 revs of $145-147 mln vs. $139.88 mln S&P Capital IQ Consensus.

Co issues raised guidance for FY21, sees EPS of ($0.40) - ($0.32) from ($0.83) - ($0.69), excluding non-recurring items, vs. ($0.71) S&P Capital IQ Consensus; sees FY21 revs of $568-572 mln from $544-550 mln vs. $548.99 mln S&P Capital IQ Consensus.