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Elastic raised 2026 earnings forecast, citing strong subscription growth, despite Q3 loss.
Elastic (ESTC) raised its fiscal 2026 full-year adjusted EPS guidance to $2.50–$2.54, well above the $1.47 consensus, and projected Q4 2026 EPS of $0.55–$0.57, surpassing estimates.
Despite a $0.03 GAAP EPS loss in Q3 2026—missing by $0.67—the company reported strong 19% year-over-year subscription growth and $450 million in revenue.
The stock rose $3.56 to $61.56 on heavy volume, with a market cap of $6.49 billion and a 52-week range of $52.73 to $117.49.
Analysts maintain a "Moderate Buy" rating with a $102.17 target, though the company continues to report negative net margins and return on equity.
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Elastic elevó el pronóstico de ganancias de 2026, citando un fuerte crecimiento de suscripción, a pesar de la pérdida del tercer trimestre.