Pure Storage Inc reports results for the quarter ended in July 31 - Earnings Summary

Everpure

29/08/2024 01:01

* Pure Storage Inc  PSTG.N  reported quarterly adjusted
earnings
of 44 cents​​ per share for the quarter ended July 31, higher
than the same quarter last year, when the company reported EPS
of 34 cents.  The mean expectation of twenty one analysts for
the quarter was for earnings of 37 cents per share. Wall Street
expected results to range from 31 cents to 40 cents per share.
    * Revenue rose 10.9% to $763.77 million from a year ago;
analysts
expected $755.08 million. 
    * Pure Storage Inc's reported EPS for the quarter was 10
cents​.
    * The company reported quarterly net income of $35.67
million.
    * Pure Storage Inc shares had fallen by 4.8% this
quarter and
gained 71.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.3%
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 15 "strong buy" or "buy," 6
"hold" and 1 "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 72.00 
This summary was machine generated from LSEG data August 29 at
12:01 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
 Jul. 31 2024      0.37           0.44           Beat
 Apr. 30 2024      0.21           0.32           Beat
 Jan. 31 2024      0.44           0.50           Beat
 Oct. 31 2023      0.40           0.50           Beat