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Elastic Full Year 2024 Earnings: EPS Beats Expectations

editorial-team@simplywallst.com (Simply Wall St)
·1-min read

Elastic (NYSE:ESTC) Full Year 2024 Results

Key Financial Results

  • Revenue: US$1.27b (up 19% from FY 2023).

  • Net income: US$61.7m (up from US$236.2m loss in FY 2023).

  • Profit margin: 4.9% (up from net loss in FY 2023). The move to profitability was primarily driven by higher revenue.

  • EPS: US$0.62 (up from US$2.47 loss in FY 2023).

revenue-and-expenses-breakdown
revenue-and-expenses-breakdown

All figures shown in the chart above are for the trailing 12 month (TTM) period

Elastic EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%.

The primary driver behind last 12 months revenue was the United States segment contributing a total revenue of US$730.5m (58% of total revenue). The largest operating expense was Sales & Marketing costs, amounting to US$555.7m (52% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$184.3m. Explore how ESTC's revenue and expenses shape its earnings.

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Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are down 1.4% from a week ago.

Risk Analysis

We should say that we've discovered 3 warning signs for Elastic (1 shouldn't be ignored!) that you should be aware of before investing here.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com