Compared to Estimates, Pure Storage (PSTG) Q4 Earnings: A Look at Key Metrics

Financial Performance - For the quarter ended January 2025, Pure Storage reported revenue of $879.84 million, an increase of 11.4% year-over-year [1] - EPS for the quarter was $0.45, down from $0.50 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate of $870.43 million by 1.08% [1] - The company delivered an EPS surprise of 7.14%, with the consensus EPS estimate being $0.42 [1] Revenue Breakdown - Product revenue was $494.78 million, surpassing the average estimate of $476.12 million by nine analysts, reflecting a year-over-year increase of 7.4% [4] - Subscription services revenue was $385.06 million, below the average estimate of $394.31 million, but showing a year-over-year growth of 17.1% [4] - Non-GAAP Gross profit for Subscription services was $297.42 million, slightly below the average estimate of $302.12 million [4] - Non-GAAP Gross profit for Product was $311.41 million, also below the average estimate of $315.91 million [4] Stock Performance - Shares of Pure Storage have returned -8.3% over the past month, compared to a -2.3% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]