Pure Storage Inc <PSTG.N> expected to post earnings of 41 cents a share - Earnings Preview
Pure Storage Inc PSTG.N, PSTG.K is expected to show a rise in quarterly revenue when it reports results on February 26 for the period ending January 31 2025
The Santa Clara California-based company is expected to report a 10.0% increase in revenue to $868.658 million from $789.81 million a year ago, according to the mean estimate from 17 analysts, based on LSEG data.The company's guidance on December 3 2024, for the period ended January 31, was for revenue of $867.000 million.
LSEG's mean analyst estimate for Pure Storage Inc is for earnings of 41 cents per share.
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy," 5 "hold" and 1 "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 $75.00, above its last closing price of $65.07.
The company's guidance on December 3 2024 for the period ended January 31 was for Earnings before Interest and Taxes of USD135 million.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Oct. 31 2024 | 0.43 | 0.42 | 0.50 | Beat | 19.7 |
Jul. 31 2024 | 0.38 | 0.37 | 0.44 | Beat | 18.9 |
Apr. 30 2024 | 0.22 | 0.21 | 0.32 | Beat | 50 |
Jan. 31 2024 | 0.45 | 0.44 | 0.50 | Beat | 14.7 |
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 |
This summary was machine generated February 24 at 11:30 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)
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