Pure Storage (PSTG) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Group 1 - Pure Storage (PSTG) closed at $55.53, reflecting a -2.95% change from the previous day, underperforming the S&P 500's loss of 0.24% [1] - Over the past month, shares of Pure Storage have increased by 2.54%, outperforming the Computer and Technology sector's gain of 2.07% and the S&P 500's gain of 1.95% [1] Group 2 - Pure Storage is set to release its earnings report on August 27, 2025, with an expected EPS of $0.4, indicating a 9.09% decline year-over-year, while revenue is projected to be $845.76 million, up 10.74% from the prior-year quarter [2] - For the full year, analysts expect earnings of $1.82 per share and revenue of $3.52 billion, representing changes of +7.69% and +11.01% respectively from last year [3] Group 3 - Recent modifications to analyst estimates for Pure Storage are crucial as they reflect changing near-term business trends, with positive revisions indicating analyst optimism [4] - Estimate revisions are correlated with near-term share price momentum, and investors can utilize the Zacks Rank for actionable insights [5] Group 4 - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has shown a strong track record, with 1 stocks averaging an annual return of +25% since 1988; currently, Pure Storage holds a Zacks Rank of 3 (Hold) [6] Group 5 - Pure Storage is currently traded at a Forward P/E ratio of 31.47, indicating a premium compared to its industry's Forward P/E of 14.11; the company's PEG ratio is 1.69, matching the industry average [7] Group 6 - The Computer-Storage Devices industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 27, placing it in the top 11% of over 250 industries, with top-rated industries outperforming lower-rated ones by a factor of 2 to 1 [8]