Pure Storage(US:PSTG) ZACKSยท2025-01-31 00:06Company Performance - Pure Storage (PSTG) ended the latest trading session at $68.38, reflecting a +1.09% adjustment from the previous day's close, outperforming the S&P 500's gain of 0.53% [1] - Over the past month, shares of Pure Storage have increased by 10.11%, surpassing the Computer and Technology sector's decline of 0.75% and the S&P 500's gain of 1.24% [1] Upcoming Financial Results - The upcoming EPS for Pure Storage is projected at $0.43, indicating a 14% decrease compared to the same quarter last year [2] - Quarterly revenue is estimated to be $869.92 million, representing a 10.14% increase from the previous year [2] Fiscal Year Estimates - For the entire fiscal year, earnings are expected to be $1.68 per share, with revenue projected at $3.16 billion, reflecting changes of +18.31% and +11.57% respectively from the prior year [3] Analyst Estimates - Recent changes to analyst estimates for Pure Storage indicate positive sentiment towards the company's business operations and profit generation capabilities [4] - The Zacks Rank system, which incorporates estimate changes, currently assigns Pure Storage a rank of 3 (Hold) [6] Valuation Metrics - Pure Storage is trading at a Forward P/E ratio of 40.24, which is a premium compared to the industry's average Forward P/E of 13.75 [7] - The company has a PEG ratio of 2.15, aligning with the average PEG ratio for the Computer-Storage Devices industry [7] Industry Context - The Computer-Storage Devices industry is part of the broader Computer and Technology sector, currently holding a Zacks Industry Rank of 161, placing it in the bottom 36% of over 250 industries [8]