Pure Storage (PSTG) Stock Drops Despite Market Gains: Important Facts to Note

The investment community will be closely monitoring the performance of Pure Storage in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.38, reflecting a 11.76% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $756.73 million, reflecting a 9.88% rise from the equivalent quarter last year. It is also worth noting that PSTG currently has a PEG ratio of 1.9. This popular metric is similar to th ...