Elastic (ESTC) Set to Report Q1 Earnings After Market Close on May 28

Elastic (NYSE: ESTC) will release fiscal first-quarter results after the market closes on May 28, with analysts projecting a 15% year-over-year revenue increase. The company has a history of topping Wall Street estimates, having beaten revenue expectations last quarter with $449.9 million, up 17.7%. The 15% forecast matches the 16% growth recorded in the same quarter last year. Analyst estimates have remained unchanged over the past 30 days, signaling steady expectations. Peers in data analytics have posted mixed early results: Teradata exceeded revenue estimates with 6.2% growth but its stock was flat, while Palantir Technologies surged 84.7% yet saw shares fall 6.9%. Elastic shares have risen 14.9% in the past month, outpacing the sector’s 10.1% average gain. The average analyst price target is $77.74, well above the current $54.97 share price.