Pure Storage(PSTG) ZACKS·2025-02-25 18:11Core Viewpoint - Pure Storage (PSTG) is positioned well to continue its trend of beating earnings estimates in upcoming quarterly reports [1] Group 1: Earnings Performance - Pure Storage has a strong history of surpassing earnings estimates, averaging a 16.03% beat over the last two quarters [2] - In the last reported quarter, Pure Storage achieved earnings of 0.43 per share, resulting in a surprise of 16.28% [3] - In the previous quarter, the company was expected to earn 0.44 per share, delivering a surprise of 15.79% [3] Group 2: Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for Pure Storage, with a positive Zacks Earnings ESP (Expected Surprise Prediction) indicating potential for another earnings beat [4][7] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [5] - Pure Storage currently has an Earnings ESP of +2.59%, suggesting analysts are optimistic about the company's earnings prospects [7] Group 3: Importance of Earnings ESP - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [6] - A negative Earnings ESP reduces predictive power but does not necessarily indicate an earnings miss [8] - Checking a company's Earnings ESP before quarterly releases is crucial for increasing the odds of success in investment decisions [9]