How to Play Elastic (ESTC) Ahead of Its Q4 Earnings Results?
ESTCElastic(ESTC) zacks.com·2024-05-24 23:46

Elastic (ESTC) will report its fourth-quarter fiscal 2024 results on May 30, after market close. Let us check out how ESTC has lately been doing. Stock Performance & Valuation The stock has gained 36.9% over the past six months, outperforming the 25.3% rally of the industry it belongs to and the 16.7% rise of the Zacks S&P 500 composite. On the basis of the Price/Sales ratio, ESTC currently trades at 7.18X, above the industry’s 6.86X. Q3 Sales & Margin Performance ESTC’s third-quarter fiscal 2024 revenues a ...