Pure Storage Inc reports results for the quarter ended in April - Earnings Summary

Everpure

30/05/2024 01:21

* Pure Storage Inc  PSTG.N  reported quarterly adjusted
earnings
of 32 cents​​ per share for the quarter ended in April, higher
than the same quarter last year, when the company reported EPS
of 8 cents.  The mean expectation of twenty analysts for the
quarter was for earnings of 21 cents per share. Wall Street
expected results to range from 18 cents to 26 cents per share.
    * Revenue rose 17.7% to $693.48 million from a year ago;
analysts
expected $680.97 million. 
    * Pure Storage Inc's reported EPS for the quarter was a loss
of 11
cents​.
    * The company reported a quarterly loss of $35.01 million.
    * Pure Storage Inc shares had risen by 20.3% this
quarter and
gained 75.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 16 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the computer
hardware
peer group is also "buy"

Wall Street's median 12-month price target for Pure Storage Inc
is $63.00 
This summary was machine generated from LSEG data May 30 at
12:21 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Apr. 30 2024      0.21           0.32           Beat
 Jan. 31 2024      0.44           0.50           Beat
 Oct. 31 2023      0.40           0.50           Beat
 Jul. 31 2023      0.28           0.34           Beat