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

Everpure

29/02/2024 24:11

* Pure Storage Inc  PSTG.N  reported quarterly adjusted
earnings
of 50 cents​​ per share for the quarter ended in January, lower
than the same quarter last year, when the company reported EPS
of 53 cents.  The mean expectation of seventeen analysts for the
quarter was for earnings of 44 cents per share. Wall Street
expected results to range from 38 cents to 48 cents per share.
    * Revenue fell 2.5% to $789.81 million from a year ago;
analysts
expected $782.31 million. 
    * Pure Storage Inc's reported EPS for the quarter was 20
cents​.
    * The company reported quarterly net income of $65.44
million.
    * Pure Storage Inc shares had risen by 16.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for Pure
Storage Inc
is $43.00 

This summary was machine generated from LSEG data February 29 at
12:10 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
 Jan. 31 2024      0.44           0.50           Beat
 Oct. 31 2023      0.40           0.50           Beat
 Jul. 31 2023      0.28           0.34           Beat
 Apr. 30 2023      0.04           0.08           Beat