Pure Storage Stock Falls 1.05% Ahead of Q4 Forecasting 44% EPS Growth
Pure Storage shares slid 1.05% to close at $73.64, underperforming the S&P 500 (−0.33%) and Nasdaq (−0.59%) while outperforming the Computer & Technology sector (−1.09%) and S&P 500 (0%) over the past month. Analysts forecast Q4 EPS of $0.65 (up 44.4% YoY) on $1.03 billion revenue (up 17.3% YoY).
1. Trading Session Performance
Pure Storage closed at $73.64, down 1.05% for the session, underperforming the S&P 500’s 0.33% decline and the Nasdaq’s 0.59% drop. Over the past month the stock gained 2.73%, outpacing a 1.09% loss in the Computer & Technology sector and a flat S&P 500.
2. Upcoming Earnings Forecast
The company will report Q4 results on February 25, with analysts predicting EPS of $0.65, representing a 44.4% year-over-year increase, and revenue of $1.03 billion, up 17.3% from a year earlier. Full-year estimates call for EPS of $1.95 (up 15.4%) and revenue of $3.63 billion (up 14.7%).
3. Valuation and Analyst Rank
Pure Storage trades at a forward P/E of 31.83 versus an industry average of 18.27 and carries a PEG ratio of 1.88 compared with the industry’s 1.83. The company holds a Zacks Rank of #2 (Buy), reflecting recent positive estimate revisions and near-term share momentum prospects.