Group 1: Stock Performance - Pure Storage (PSTG) stock increased by 1.52% to $58.12, outperforming the S&P 500 which had a daily loss of 0.01% [1] - Over the past month, PSTG shares gained 8.28%, surpassing the Computer and Technology sector's gain of 7.44% and the S&P 500's gain of 5.37% [1] Group 2: Upcoming Earnings - Pure Storage is projected to report earnings of $0.4 per share, reflecting a year-over-year decline of 9.09% [2] - The consensus estimate for revenue is $845.76 million, indicating a 10.74% increase compared to the same quarter last year [2] Group 3: Annual Estimates - For the annual period, earnings are anticipated to be $1.82 per share and revenue is expected to reach $3.52 billion, representing shifts of +7.69% and +11.01% respectively from the previous year [3] - Recent changes to analyst estimates suggest evolving short-term business trends, with positive revisions indicating analysts' confidence in business performance [3] Group 4: Valuation Metrics - Pure Storage has a Forward P/E ratio of 31.47, indicating a premium compared to its industry's Forward P/E of 13.88 [6] - The company holds a PEG ratio of 1.69, while the Computer-Storage Devices industry has an average PEG ratio of 2 [6] Group 5: Industry Ranking - The Computer-Storage Devices industry is part of the Computer and Technology sector, holding a Zacks Industry Rank of 11, placing it in the top 5% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]
Pure Storage (PSTG) Advances While Market Declines: Some Information for Investors