NYSE$ESTC

Elastic NV · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Announced strong third quarter fiscal 2020 financial results.

Elastic N.V. reported strong Q3 fiscal 2020 results with a total revenue of $113.2 million, up 60% year-over-year, and SaaS revenue of $25.1 million, up 114% year-over-year. Calculated billings reached $122.9 million, a 54% increase year-over-year. The company's net expansion rate remained above 130%.

  • Total revenue was $113.2 million, an increase of 60% year-over-year.
  • SaaS revenue was $25.1 million, an increase of 114% year-over-year.
  • Calculated billings was $122.9 million, an increase of 54% year-over-year.
  • Net Expansion Rate continued to be greater than 130%.

Headline financials

Total Revenue

$113M

Previous: $70.8M+59.8%
EPS (adj)

-$0.28

Previous: -$0.16-75.0%
Net Expansion Rate

130.0%

No prior period
Capital Expenditures

-$4.24M

Previous: -$2.36M-79.6%
Free Cash Flow

-$28.9M

Previous: -$6.51M-343.7%
Net Income

-$44.3M

Previous: -$21.4M-107.4%
Operating Income

-$42.3M

Previous: -$23.8M-77.7%
Gross Profit

$79.8M

Previous: $50.4M+58.3%
Cash & Equivalents

$294M

No prior period
Total Assets

$742M

No prior period

Revenue & EPS history

Elastic · Revenue · Quarterly

$113M

Q3 2020+59.8%vs Q3 2019
Beat estimate in 1 of 11 quarters(9%)
ActualEstimate

Revenue by segment

Elastic · $34.1M total across 2 segments · Q3 2020

  • Elastic Cloud
    $25.1M
  • Services
    $8.98M

Forward guidance

For its fourth quarter of fiscal 2020 (ending April 30, 2020): Total revenue is expected to be between $119 million and $120 million. Non-GAAP operating margin is expected to be between -20.5% and -19.5%. Non-GAAP net loss per share is expected to be between $0.32 and $0.30, assuming between 82 million and 83 million weighted average ordinary shares outstanding.

Tailwinds

  • Total revenue is expected to be between $119 million and $120 million.
  • Non-GAAP operating margin is expected to be between -20.5% and -19.5%.
  • Non-GAAP net loss per share is expected to be between $0.32 and $0.30.
  • Assuming between 82 million and 83 million weighted average ordinary shares outstanding.
  • Total revenue is expected to be between $423 million and $424 million for fiscal year 2020.

Headwinds

  • Non-GAAP operating margin is expected to be approximately -20.5% for fiscal year 2020.
  • Includes approximately -2% related to the acquisition of Endgame.
  • Non-GAAP net loss per share is expected to be between $1.13 and $1.12 for fiscal year 2020.
  • Assuming approximately 79 million weighted average ordinary shares outstanding.
  • Uncertainty regarding costs and expenses that may be incurred in the future.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2020

Historical avgQ3 2020

+0.2%

Avg return

Earnings day

-0.4%

Avg return

5 days after

-2.5%

Avg return

30 days after

40%

12 / 30 earnings

Positive

+38.4%

Q2 2024

Best reaction

-26.0%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026
Q3 2026-15.4%-15.8%-21.2%
Q2 2026-15.6%-14.8%-6.9%
Q1 2026-3.1%-1.7%-2.1%
Q4 2025-12.1%-8.9%-10.1%
Q3 2025+14.9%+8.2%-9.5%
Q2 2025+22.0%+25.9%+17.0%
Q1 2025-26.0%-28.9%-24.9%
Q4 2024+1.7%+0.7%+11.3%
Q3 2024-9.8%-16.4%-22.7%
Q2 2024+38.4%+45.2%+41.5%
Q1 2024+22.2%+23.5%+33.7%
Q4 2023-0.7%-1.9%-11.9%
Q3 2023+10.7%+6.3%+0.3%
Q2 2023-3.1%-11.3%-12.7%
Q1 2023-0.2%+1.9%-18.1%
Q4 2022+19.4%+20.2%+15.5%
Q3 2022-6.8%-11.2%+8.0%
Q2 2022-23.9%-28.9%-20.8%
Q1 2022-3.4%+0.3%+4.9%
Q4 2021+9.7%+12.0%+23.8%
Q3 2021-14.0%-5.3%-27.5%
Q2 2021+11.8%+17.1%+21.0%
Q1 2021+6.5%+4.1%+2.0%
Q4 2020-3.3%-7.4%+6.6%
Q3 2020+8.7%+10.0%-18.9%
Q2 2020-17.4%-19.9%-15.0%
Q1 2020+11.5%+10.4%+4.2%
Q4 2019-1.7%-2.7%-3.9%
Q3 2019-6.9%-7.3%-17.8%
Q2 2019-8.1%-15.7%-21.9%
Q1 2019
Q4 2018
Q3 2017
Q2 2017
Q1 2017

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro