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Everpure (PSTG) Outpaces Stock Market Gains: What You Should Know
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Everpure (PSTG - Free Report) ended the recent trading session at $62.48, demonstrating a +2.31% change from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily gain of 0.11%. Meanwhile, the Dow experienced a drop of 0.13%, and the technology-dominated Nasdaq saw an increase of 0.18%.
The data storage company's stock has dropped by 0.47% in the past month, exceeding the Business Services sector's loss of 6.27% and the S&P 500's loss of 4.28%.
The investment community will be paying close attention to the earnings performance of Everpure in its upcoming release. The company's earnings per share (EPS) are projected to be $0.4, reflecting a 37.93% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $1 billion, indicating a 28.87% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.33 per share and revenue of $4.38 billion, which would represent changes of +18.27% and +19.61%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Everpure. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.31% higher. Everpure currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Everpure is presently being traded at a Forward P/E ratio of 26.21. This represents a premium compared to its industry average Forward P/E of 16.05.
Also, we should mention that PSTG has a PEG ratio of 1.4. 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 1.28 as of yesterday's close.
The Technology Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 188, placing it within the bottom 23% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Everpure (PSTG) Outpaces Stock Market Gains: What You Should Know
Everpure (PSTG - Free Report) ended the recent trading session at $62.48, demonstrating a +2.31% change from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily gain of 0.11%. Meanwhile, the Dow experienced a drop of 0.13%, and the technology-dominated Nasdaq saw an increase of 0.18%.
The data storage company's stock has dropped by 0.47% in the past month, exceeding the Business Services sector's loss of 6.27% and the S&P 500's loss of 4.28%.
The investment community will be paying close attention to the earnings performance of Everpure in its upcoming release. The company's earnings per share (EPS) are projected to be $0.4, reflecting a 37.93% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $1 billion, indicating a 28.87% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.33 per share and revenue of $4.38 billion, which would represent changes of +18.27% and +19.61%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Everpure. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.31% higher. Everpure currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Everpure is presently being traded at a Forward P/E ratio of 26.21. This represents a premium compared to its industry average Forward P/E of 16.05.
Also, we should mention that PSTG has a PEG ratio of 1.4. 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 1.28 as of yesterday's close.
The Technology Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 188, placing it within the bottom 23% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.