Why Is Pure Storage (PSTG) Down 9% Since Last Earnings Report?

Core Viewpoint - Pure Storage (PSTG) shares have declined approximately 9% since the last earnings report, underperforming the S&P 500, raising questions about the potential for a breakout or continued negative trend leading up to the next earnings release [1] Estimates Movement - Estimates for Pure Storage have trended downward over the past month, with the consensus estimate shifting by -300% due to these changes [2] VGM Scores - Pure Storage currently holds an average Growth Score of C, but significantly lags in Momentum Score with an F. The stock also received an F grade on the value side, placing it in the bottom 20% quintile for this investment strategy. Overall, the stock has an aggregate VGM Score of F, which is critical for investors not focused on a single strategy [3] Outlook - The downward trend in estimates indicates a broader negative shift for Pure Storage. The company holds a Zacks Rank of 3 (Hold), suggesting an expectation of in-line returns from the stock in the upcoming months [4]