In the latest close session, Pure Storage (PSTG) was up +1.33% at $58.58. The stock exceeded the S&P 500, which registered a gain of 0.78% for the day. On the other hand, the Dow registered a gain of 0.47%, and the technology-centric Nasdaq increased by 0.98%.
Heading into today, shares of the data storage company had gained 0.43% over the past month, lagging the Computer and Technology sector's gain of 5.34% and the S&P 500's gain of 1.86%.
Market participants will be closely following the financial results of Pure Storage in its upcoming release. The company plans to announce its earnings on August 27, 2025. The company's upcoming EPS is projected at $0.4, signifying a 9.09% drop compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $845.76 million, up 10.74% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.82 per share and a revenue of $3.52 billion, indicating changes of +7.69% and +11.01%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Pure Storage. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.39% decrease. At present, Pure Storage boasts a Zacks Rank of #3 (Hold).
With respect to valuation, Pure Storage is currently being traded at a Forward P/E ratio of 31.8. This valuation marks a premium compared to its industry average Forward P/E of 13.44.
We can additionally observe that PSTG currently boasts a PEG ratio of 1.71. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Computer- Storage Devices industry stood at 1.71 at the close of the market yesterday.
The Computer- Storage Devices industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 71, putting it in the top 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Pure Storage, Inc. (PSTG): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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