Pure Storage Inc expected to post earnings of 44 cents a share - Earnings Preview

Everpure

27/02/2024 24:26

* Pure Storage Inc  PSTG.N   PSTG.K  is expected to show a
fall in
quarterly revenue when it reports  results on February 28 for
the period ending January 31 2024
    * The Santa Clara California-based  company is expected to
report
a 3.4% decrease in revenue to $782.307 million from $810.21
million a year ago, according to the mean estimate from 15
analysts, based on LSEG data.The company's guidance on November
29 2023, for the period ended January 31, was for revenue of
$782.000 million.
    * ​LSEG's mean analyst estimate for Pure Storage Inc is for
earnings of 44 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 15 "strong buy" or "buy," 3
"hold" and no "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 $42.00​, above​ its last closing price of $41.50. ​​​

The company's guidance on November 29 2023 for the period ended
January 31 was for Earnings before Interest and Taxes of USD150
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  
 Oct. 31 2023  0.41        0.40       0.50      Beat    25
 Jul. 31 2023  0.28        0.28       0.34      Beat    22.5
 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.        0.26        0.25       0.31      Beat    22
 31 2022                                                
 Jul. 31 2022  0.23        0.22       0.32      Beat    46.5​
 Apr. 30 2022  0.05        0.04       0.25      Beat    479.9
 Jan. 31 2022  0.27        0.26       0.36      Beat    36.7
 This summary was machine generated February 27 at 00:25 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)