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Pure Storage (PSTG) Outperforms Broader Market: What You Need to Know
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Pure Storage (PSTG - Free Report) closed at $83.15 in the latest trading session, marking a +1.24% move from the prior day. This move outpaced the S&P 500's daily gain of 0.91%. Meanwhile, the Dow gained 1.43%, and the Nasdaq, a tech-heavy index, added 0.67%.
Prior to today's trading, shares of the data storage company had lost 13.97% lagged the Computer and Technology sector's loss of 0.55% and the S&P 500's loss of 1.24%.
Investors will be eagerly watching for the performance of Pure Storage in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on December 2, 2025. The company is forecasted to report an EPS of $0.59, showcasing a 18% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $958.14 million, up 15.29% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $1.97 per share and a revenue of $3.62 billion, demonstrating changes of +16.57% and +14.31%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Pure Storage. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.64% lower. Pure Storage is currently a Zacks Rank #3 (Hold).
In terms of valuation, Pure Storage is presently being traded at a Forward P/E ratio of 41.67. This signifies a premium in comparison to the average Forward P/E of 17.06 for its industry.
Also, we should mention that PSTG has a PEG ratio of 2.48. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Computer- Storage Devices was holding an average PEG ratio of 1.91 at yesterday's closing price.
The Computer- Storage Devices industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 46, positioning it in the top 19% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Pure Storage (PSTG) Outperforms Broader Market: What You Need to Know
Pure Storage (PSTG - Free Report) closed at $83.15 in the latest trading session, marking a +1.24% move from the prior day. This move outpaced the S&P 500's daily gain of 0.91%. Meanwhile, the Dow gained 1.43%, and the Nasdaq, a tech-heavy index, added 0.67%.
Prior to today's trading, shares of the data storage company had lost 13.97% lagged the Computer and Technology sector's loss of 0.55% and the S&P 500's loss of 1.24%.
Investors will be eagerly watching for the performance of Pure Storage in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on December 2, 2025. The company is forecasted to report an EPS of $0.59, showcasing a 18% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $958.14 million, up 15.29% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $1.97 per share and a revenue of $3.62 billion, demonstrating changes of +16.57% and +14.31%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Pure Storage. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.64% lower. Pure Storage is currently a Zacks Rank #3 (Hold).
In terms of valuation, Pure Storage is presently being traded at a Forward P/E ratio of 41.67. This signifies a premium in comparison to the average Forward P/E of 17.06 for its industry.
Also, we should mention that PSTG has a PEG ratio of 2.48. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Computer- Storage Devices was holding an average PEG ratio of 1.91 at yesterday's closing price.
The Computer- Storage Devices industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 46, positioning it in the top 19% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.