Yahoo Finance Elastic Full Year 2024 Earnings: EPS Beats Expectations
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).
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.
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.
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