Pure Storage(US:PSTG) ZACKSยท2025-08-01 22:52Company Performance - Pure Storage (PSTG) ended the recent trading session at $54.51, demonstrating a -8.42% change from the preceding day's closing price, underperforming compared to the S&P 500's daily loss of 1.6% [1] - Shares of Pure Storage had gained 4.55% in the past month, while the Computer and Technology sector gained 4.45% and the S&P 500 gained 2.25% during the same period [1] Earnings Forecast - The upcoming earnings report for Pure Storage is anticipated to show an EPS of $0.4, reflecting a 9.09% decrease from the same quarter last year, with a forecasted quarterly revenue of $845.76 million, up 10.74% from the year-ago period [2] - For the annual period, the Zacks Consensus Estimates predict earnings of $1.82 per share and revenue of $3.52 billion, indicating increases of +7.69% and +11.01% respectively from the previous year [3] Analyst Estimates and Rankings - Recent adjustments to analyst estimates for Pure Storage are crucial, as upward revisions indicate analysts' positive outlook on the company's operations and profit generation capabilities [3] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently places Pure Storage at 3 (Hold), with the Zacks Consensus EPS estimate having moved 0.39% lower over the last 30 days [5] Valuation Metrics - Pure Storage is trading at a Forward P/E ratio of 32.74, which is a premium compared to the industry average Forward P/E of 13.47 [6] - The company has a PEG ratio of 1.76, which is lower than the industry average PEG ratio of 2.14, indicating a more favorable valuation relative to expected earnings growth [6] Industry Context - The Computer-Storage Devices industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 42, placing it within the top 18% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1, highlighting the competitive strength of the industry [7]