Market Overview

Pure Storage Earnings Outlook

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On Thursday, Pure Storage, Inc. Class A Common Stock (NYSE: PSTG) will release its latest earnings report. Decipher the announcement with Benzinga's help.

Earnings and Revenue

Analysts predict Pure Storage will report earnings of 7 cents per share on revenue of $331 million.

In the same quarter last year, Pure Storage posted a loss of 2 cents per share on sales of $227 million. If the company were to match the consensus estimate, sales would be up 45.5 percent from the same quarter last year.

In comparison to analyst estimates in the past, here's how the company's reported EPS stacks up:

 

Quarter Q3 2018 Q2 2018 Q1 2018 Q4 2017
EPS Estimate -0.03 -0.14 -0.22 -0.08
EPS Actual -0.01 -0.11 -0.14 -0.02


Stock Performance

For a full 12 months, the return has risen by 86.13 percent. Given that these returns are generally positive, long-term shareholders are probably relaxed going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Over the past 90 days, analysts have generally adjusted their estimates higher for EPS and revenues. The most common rating by analysts on Pure Storage stock is a Neutral. The strength of this rating has maintained conviction over the past three months.

Conference Call

Pure Storage Q4 conference call is scheduled to begin at 5:00 p.m. ET and can be accessed here.

Posted-In: Earnings News Previews Trading Ideas

 

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