Investors Heavily Search Pure Storage, Inc. (PSTG): Here is What You Need to Know

Earnings Estimates - The consensus earnings estimate for Pure Storage (PSTG) is $1.64 for the current fiscal year, reflecting a year-over-year change of +15.5% and a slight increase of +0.3% over the last 30 days [1] - For the current quarter, earnings are expected to be $0.38 per share, indicating a change of +11.8% from the year-ago quarter, with the Zacks Consensus Estimate changing by +21.1% in the last 30 days [8] - The consensus earnings estimate for the next fiscal year is $1.94, showing a change of +18.6% from the previous year, with a +2.7% change over the past month [9] Revenue Growth - The consensus sales estimate for the current quarter is $756.73 million, indicating a year-over-year change of +9.9% [12] - For the current fiscal year, revenue estimates are $3.13 billion, reflecting a change of +10.6%, and for the next fiscal year, the estimate is $3.56 billion, indicating a change of +13.6% [12] Recent Performance - Pure Storage reported revenues of $693.48 million in the last quarter, representing a year-over-year change of +17.7%, with an EPS of $0.32 compared to $0.08 a year ago [13] - The company has consistently beaten consensus EPS estimates in the trailing four quarters and has topped consensus revenue estimates each time [14] Valuation - Pure Storage is graded F in the Zacks Value Style Score, indicating it is trading at a premium to its peers [18] - Valuation multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) are essential for determining whether the stock is fairly valued, overvalued, or undervalued [16][17] Market Position - Pure Storage has been one of the most searched stocks on Zacks.com, indicating significant interest in its performance [3] - The stock has returned +0.6% over the past month, compared to the Zacks S&P 500 composite's +3.2% and the Zacks Computer-Storage Devices industry's +1.4% [5]