1. A B of A analyst revises PSTG revenue estimates ahead of earnings on May 28. 2. First quarter revenue expected at $772 million versus $770 million consensus. 3. Operating margin forecasted at 10.7%, surpassing both market and company guidance. 4. NAND pricing weakness may boost margins in future quarters despite competition. 5. Analyst maintains a Neutral rating with a price target of $73.
The revision is slightly positive due to estimated EPS and revenue exceeding expectations, though the overall sentiment is tempered by competition and macroeconomic uncertainties, paralleling past mixed reactions when analysts have raised forecasts but maintained neutral ratings in similar situations.
The article provides significant data points that could influence investor perception of PSTG, despite a neutral overall sentiment. Key metrics will impact trading decisions and market reactions leading to the upcoming earnings.
The earnings report on May 28 will provide immediate clarity on performance indicators.