Insights Into Pure Storage (PSTG) Q4: Wall Street Projections for Key Metrics

Core Insights - Pure Storage (PSTG) is expected to report quarterly earnings of $0.43 per share, a decline of 14% year-over-year, with revenues forecasted at $869.92 million, reflecting a 10.1% increase compared to the same period last year [1] - The consensus EPS estimate has remained unchanged over the last 30 days, indicating analysts have reassessed their initial estimates [1][2] Revenue Projections - Analysts predict 'Revenue- Product' to be $475.61 million, indicating a year-over-year change of +3.2% [4] - The forecast for 'Revenue- Subscription services' is $394.32 million, representing a year-over-year increase of +19.9% [4] - The estimated 'Geographic Revenue- Rest of the world' is $252.91 million, showing a year-over-year decline of -5.5% [4] Profit Estimates - The consensus for 'Non-GAAP Gross profit- Subscription services' is projected at $302.13 million, up from $243.78 million in the same quarter last year [5] - Analysts estimate 'Non-GAAP Gross profit- Product' to reach $315.58 million, compared to $338.20 million reported in the prior year [5] Stock Performance - Over the past month, shares of Pure Storage have decreased by -6.3%, while the Zacks S&P 500 composite has increased by +2.2% [6] - Currently, PSTG holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [6]