Will Pure Storage Beat Estimates Again in Its Next Earnings Report?

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Pure Storage (NYSE: PSTG), which belongs to the Zacks Computer- Storage Devices industry.

When looking at the last two reports, this data storage company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 28.28%, on average, in the last two quarters.

For the last reported quarter, Pure Storage came out with earnings of $0.32 per share versus the Zacks Consensus Estimate of $0.22 per share, representing a surprise of 45.45%. For the previous quarter, the company was expected to post earnings of $0.45 per share and it actually produced earnings of $0.50 per share, delivering a surprise of 11.11%.

Thanks in part to this history, there …

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