NYSE:ESTCSoftware
A Look At Elastic’s (ESTC) Valuation After Earnings Beat And Guidance Raise Prompt A Share Price Selloff
Elastic (ESTC) just delivered earnings that beat analyst expectations on both revenue and EBITDA, and raised full year EPS guidance above consensus, yet the stock dropped 15.7% after the report.
See our latest analysis for Elastic.
Despite the earnings beat and raised guidance, the 30 day share price return of 9.93% and year to date share price return of 26.61% indicate momentum has cooled. In addition, the 1 year total shareholder return of 41.60% suggests longer term holders have faced a...