• Pure Storage Inc PSTG.N reported quarterly adjusted earnings of 45 cents​​ per share for the quarter ended January 31, lower than the same quarter last year, when the company reported EPS of 50 cents. The mean expectation of twenty analysts for the quarter was for earnings of 41 cents per share. Wall Street expected results to range from 36 cents to 49 cents per share.

• Revenue rose 11.4% to $879.84 million from a year ago; analysts expected $868.93 million.

• Pure Storage Inc's reported EPS for the quarter was 12 cents​.

• The company reported quarterly net income of $42.44 million.

• Pure Storage Inc shares had fallen by 0.2% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 9.1% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy," 5 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the computer hardware peer group is also "buy"

Wall Street's median 12-month price target for Pure Storage Inc is $75.00

This summary was machine generated from LSEG data February 26 at 11:29 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)