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Pure Storage (PSTG) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
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For the quarter ended April 2025, Pure Storage (PSTG - Free Report) reported revenue of $778.49 million, up 12.3% over the same period last year. EPS came in at $0.29, compared to $0.32 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $771.15 million, representing a surprise of +0.95%. The company delivered an EPS surprise of +16.00%, with the consensus EPS estimate being $0.25.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Pure Storage performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Product: $372.14 million versus the nine-analyst average estimate of $370.97 million. The reported number represents a year-over-year change of +7.1%.
Revenue- Subscription services: $406.34 million versus $391.59 million estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +17.4% change.
Non-GAAP Gross profit- Subscription services: $313.60 million compared to the $297.86 million average estimate based on nine analysts.
Non-GAAP Gross profit- Product: $238.11 million compared to the $241.54 million average estimate based on nine analysts.
Shares of Pure Storage have returned +22% over the past month versus the Zacks S&P 500 composite's +7.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Pure Storage (PSTG) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended April 2025, Pure Storage (PSTG - Free Report) reported revenue of $778.49 million, up 12.3% over the same period last year. EPS came in at $0.29, compared to $0.32 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $771.15 million, representing a surprise of +0.95%. The company delivered an EPS surprise of +16.00%, with the consensus EPS estimate being $0.25.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Pure Storage performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Product: $372.14 million versus the nine-analyst average estimate of $370.97 million. The reported number represents a year-over-year change of +7.1%.
- Revenue- Subscription services: $406.34 million versus $391.59 million estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +17.4% change.
- Non-GAAP Gross profit- Subscription services: $313.60 million compared to the $297.86 million average estimate based on nine analysts.
- Non-GAAP Gross profit- Product: $238.11 million compared to the $241.54 million average estimate based on nine analysts.
View all Key Company Metrics for Pure Storage here>>>Shares of Pure Storage have returned +22% over the past month versus the Zacks S&P 500 composite's +7.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.