Pure Storage (PSTG) closed at $72.69 in the latest trading session, marking a -1.57% move from the prior day. This change lagged the S&P 500's daily gain of 0.1%. Elsewhere, the Dow gained 0.07%, while the tech-heavy Nasdaq added 0.14%.
The stock of data storage company has risen by 1.3% in the past month, leading the Computer and Technology sector's loss of 4.05% and the S&P 500's loss of 1.43%.
The upcoming earnings release of Pure Storage will be of great interest to investors. The company's earnings report is expected on February 25, 2026. The company is expected to report EPS of $0.65, up 44.44% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $1.03 billion, reflecting a 17.21% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.95 per share and revenue of $3.63 billion, which would represent changes of +15.38% and +14.72%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Pure Storage. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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. Within the past 30 days, our consensus EPS projection has moved 0.29% lower. Pure Storage is holding a Zacks Rank of #3 (Hold) right now.
In the context of valuation, Pure Storage is at present trading with a Forward P/E ratio of 31.63. This signifies a premium in comparison to the average Forward P/E of 18.39 for its industry.
Investors should also note that PSTG has a PEG ratio of 1.86 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. PSTG's industry had an average PEG ratio of 1.81 as of yesterday's close.
The Computer- Storage Devices industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 43, positioning it in the top 18% of all 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in 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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