Pure Storage (PSTG) Q2 Earnings on the Horizon: Analysts' Insights on Key Performance Measures

Core Insights - Pure Storage (PSTG) is expected to report quarterly earnings of $0.39 per share, reflecting an 11.4% decline year over year, while revenues are forecasted to reach $845.76 million, indicating a 10.7% increase compared to the previous year [1] - There has been no revision in the consensus EPS estimate for the quarter over the past 30 days, suggesting stability in analysts' projections [1][2] Revenue Estimates - Analysts project 'Revenue- Product' to be $427.18 million, a 6.1% increase from the prior-year quarter [4] - 'Revenue- Subscription services' is estimated to reach $418.58 million, reflecting a 15.9% increase year over year [4] - 'Geographic Revenue- Rest of the world' is expected to be $244.58 million, indicating an 8.2% year-over-year change [4] - 'Geographic Revenue- United States' is projected at $600.65 million, showing an 11.7% increase from the year-ago quarter [5] Profit Estimates - Non-GAAP Gross profit from Subscription services is estimated at $319.88 million, up from $275.83 million reported in the same quarter last year [5] - Non-GAAP Gross profit from Product is expected to be $277.24 million, slightly down from $279.85 million reported in the previous year [6] Market Performance - Shares of Pure Storage have experienced a -2.2% return over the past month, contrasting with a +1.1% change in the Zacks S&P 500 composite [6] - The company holds a Zacks Rank 3 (Hold), indicating expectations to mirror overall market performance in the near future [6]