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

Everpure

04/12/2024 01:01

* Pure Storage Inc  PSTG.N  reported quarterly adjusted
earnings
of 50 cents​​ per share for the quarter ended October 31,
identical to the same quarter last year.  The mean expectation
of twenty one analysts for the quarter was for earnings of 42
cents per share. Wall Street expected results to range from 33
cents to 47 cents per share.
    * Revenue rose 8.9% to $831.07 million from a year ago;
analysts
expected $814.88 million. 
    * Pure Storage Inc's reported EPS for the quarter was 19
cents​.
    * The company reported quarterly net income of $63.64
million.
    * Pure Storage Inc shares had risen by 5.6% this quarter and
gained 48.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 14 "strong buy" or "buy," 8
"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 $65.50 
This summary was machine generated from LSEG data December 4 at
01:00 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
 Oct. 31 2024      0.42           0.50           Beat
 Jul. 31 2024      0.37           0.44           Beat
 Apr. 30 2024      0.21           0.32           Beat
 Jan. 31 2024      0.44           0.50           Beat