Earnings Outlook For Pure Storage

Pure Storage (NYSE: PSTG) releases its next round of earnings this Tuesday, August 25. Here's Benzinga's essential guide to Pure Storage's Q2 earnings report.

Earnings and Revenue

Pure Storage EPS is expected to be around $0.01, according to sell-side analysts. Sales will likely be near $395.34 million. Pure Storage also reported a per-share profit of $0.01 when it published results during the same quarter last year. Sales in that period totaled $396.33 million. The analyst consensus estimate would represent no change in the company's earnings on a year-over-year basis. Pure Storage's reported EPS has stacked up against analyst estimates in the past like this:

Quarter	Q1 2020	Q4 2020	Q3 2019	Q2 2019
EPS Estimate	-0.15	0.22	0.09	-0.04
EPS Actual	-0.02	0.23	0.13	0.01
Revenue Estimate	352.26 M	489.17 M	439.91 M	393.41 M
Revenue Actual	367.12 M	492.00 M	428.41 M	396.33 M

Stock Performance

Shares of Pure Storage were trading at $16.44 as of August 24. Over the last 52-week period, shares are up 7.54%. Given that these returns are generally positive, long-term shareholders are probably content going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. Pure Storage is scheduled to hold the call at 17:00:00 ET and can be accessed here: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.purestorage.com%2Fnews-and-events%2Fevents-and-presentations%2Fdefault.aspx&eventid=2393528&sessionid=1&key=E65DA5B42AACB7C873943FCB847FA1C1&regTag=&sourcepage=register

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