Pure Storage (PSTG) closed at $57.85 in the latest trading session, marking a -2.85% move from the prior day. This change lagged the S&P 500's 0.03% gain on the day. Elsewhere, the Dow lost 0.03%, while the tech-heavy Nasdaq lost 0.01%.
Heading into today, shares of the data storage company had gained 8.59% over the past month, outpacing the Computer and Technology sector's gain of 6.37% and the S&P 500's gain of 3.46%.
The upcoming earnings release of Pure Storage will be of great interest to investors. The company's earnings report is expected on August 27, 2025. The company is predicted to post an EPS of $0.4, indicating a 9.09% decline compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $845.76 million, up 10.74% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.82 per share and revenue of $3.52 billion, indicating changes of +7.69% and +11.01%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Pure Storage. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 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).
Investors should also note Pure Storage's current valuation metrics, including its Forward P/E ratio of 32.76. This valuation marks a premium compared to its industry average Forward P/E of 14.15.
Meanwhile, PSTG's PEG ratio is currently 1.76. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Computer- Storage Devices was holding an average PEG ratio of 1.76 at yesterday's closing price.
The Computer- Storage Devices industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 26, placing it within the top 11% of over 250 industries.
The Zacks Industry Rank gauges the strength of our 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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