For the quarter ended October 2024, Pure Storage (PSTG) reported income of $831.07 million, up 8.9% over the identical interval final yr. EPS got here in at $0.50, in comparison with $0.50 within the year-ago quarter.
The reported income compares to the Zacks Consensus Estimate of $814.77 million, representing a shock of +2.00%. The corporate delivered an EPS shock of +16.28%, with the consensus EPS estimate being $0.43.
Whereas buyers intently watch year-over-year modifications in headline numbers — income and earnings — and the way they evaluate to Wall Road expectations to find out their subsequent plan of action, some key metrics all the time present a greater perception into an organization’s underlying efficiency.
Since these metrics play an important position in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps buyers higher venture a inventory’s worth efficiency.
Right here is how Pure Storage carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Road analysts:
- Income- Product: $454.74 million versus $439.56 million estimated by 9 analysts on common. In comparison with the year-ago quarter, this quantity represents a +0.3% change.
- Income- Subscription companies: $376.34 million in comparison with the $375.38 million common estimate primarily based on 9 analysts. The reported quantity represents a change of +21.6% yr over yr.
- Non-GAAP Gross profit- Subscription companies: $291.33 million versus $281.61 million estimated by 9 analysts on common.
- Non-GAAP Gross profit- Product: $306.39 million in comparison with the $304.21 million common estimate primarily based on 9 analysts.
View all Key Company Metrics for Pure Storage here>>>
Shares of Pure Storage have returned +6.7% over the previous month versus the Zacks S&P 500 composite’s +5.8% change. The inventory at the moment has a Zacks Rank #3 (Maintain), indicating that it might carry out consistent with the broader market within the close to time period.
Solely $1 to See All Zacks’ Buys and Sells
We’re not kidding.
A number of years in the past, we shocked our members by providing them 30-day entry to all our picks for the whole sum of solely $1. No obligation to spend one other cent.
1000’s have taken benefit of this chance. 1000’s didn’t – they thought there should be a catch. Sure, we do have a purpose. We would like you to get acquainted with our portfolio companies like Shock Dealer, Shares Beneath $10, Expertise Innovators,and extra, that closed 228 positions with double- and triple-digit features in 2023 alone.
Pure Storage, Inc. (PSTG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
