Pure Storage Inc expected to post earnings of 42 cents a share - Earnings Preview

Everpure

02/12/2024 24:03

* Pure Storage Inc  PSTG.N   PSTG.K  is expected to show a
rise in
quarterly revenue when it reports  results on December 4 for the
period ending October 31 2024
    * The Santa Clara California-based  company is expected to
report
a 6.8% increase in revenue to $814.879 million from $762.84
million a year ago, according to the mean estimate from 18
analysts, based on LSEG data.The company's guidance on August 28
2024, for the period ended October 31, was for revenue of
$815.000 million.
    * ​LSEG's mean analyst estimate for Pure Storage Inc is for
earnings of 42 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 14 "strong buy" or "buy," 8
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Pure
Storage Inc
is $65.50​, above​ its last closing price of $52.99. ​​​

The company's guidance on August 28 2024 for the period ended
October 31 was for Earnings before Interest and Taxes of USD140
million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jul. 31 2024  0.38        0.37       0.44      Beat    18.9
 Apr. 30 2024  0.22        0.21       0.32      Beat    50
 Jan. 31 2024  0.45        0.44       0.50      Beat    14.7​
 Oct. 31 2023  0.41        0.40       0.50      Beat    25
 ​​Jul.        0.28        0.28       0.34      Beat    22.5
 31 2023                                                
 Apr. 30 2023  0.04        0.04       0.08      Beat    114.6​
 Jan. 31 2023  0.39        0.39       0.53      Beat    36.3
 Oct. 31 2022  0.26        0.25       0.31      Beat    22
 This summary was machine generated December 2 at 00:02 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)