What's In Store For Pure Storage (PSTG) In Q1 Earnings?
Zacks Investment Research | May 22, 2017 04:52AM ET
Pure Storage Inc. (NYSE:PSTG) is set to release its first-quarter fiscal 2018 earnings on May 24. In the last quarter, the company reported a positive earnings surprise of 12.5%. We note that the company has delivered positive surprises in three of the last four quarters resulting in an average positive surprise of 9.57%.
The company reported non-GAAP net loss of 21 cents per share (including stock-based compensation) in the fourth quarter of fiscal 2017, narrower than the Zacks Consensus Estimate of a loss of 24 cents.
Total revenue was $227.9 million, which was up a significant 51.7% year over year and ahead of the Zacks Consensus Estimate of $224 million.
However, improving results failed to provide significant momentum to the share price. We note that Pure Storage has underperformed the Zacks Earnings ESP Filter .
Pure Storage, Inc. Price and EPS Surprise
the complete list of today’s Zacks #1 Rank stocks here .
Angie's List, Inc. (NASDAQ:ANGI) with an Earnings ESP of +33.33% and a Zacks Rank #1.
Allied Motion Technologies, Inc. (NASDAQ:AMOT) with an Earnings ESP of +6.45% and a Zacks Rank #3.
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