Everpure (NYSE:P) Issues Quarterly Earnings Results

Everpure (NYSE:P) issued its quarterly earnings results on Wednesday. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07, FiscalAI reports. Everpure had a return on equity of 16.12% and a net margin of 5.75%.The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $997.88 million. During the same quarter last year, the business earned $0.29 earnings per share. Everpure’s revenue was up 35.2% on a year-over-year basis.

Here are the key takeaways from Everpure’s conference call:

• Revenue rose 35% year over year and operating profit nearly doubled to $159 million, both ahead of the high end of guidance. Management said broad-based demand strength across enterprise, commercial, and geographies drove the beat.
• Full-year fiscal 2027 guidance was raised to $4.41 billion-$4.51 billion in revenue and $820 million-$860 million in operating profit. Executives said the higher outlook reflects strong Q1 execution, a healthy pipeline, and continued momentum, though they remain cautious on second-half visibility.
• Evergreen//One and Purity Fusion are gaining traction, with Evergreen//One sales up 73% and Purity Fusion adoption doubling to more than 1,200 customers. Management argued the supply-chain crisis is making the storage-as-a-service model more attractive because it lowers upfront cost and smooths customer spending.
• AI and hyperscale opportunities remain key growth drivers, but most hyperscale revenue is expected in the second half of the year after qualification and supply constraints are resolved. The company also highlighted FlashBlade//EXA wins and said it is investing heavily to qualify more NAND for hyperscalers and cloud providers.
• Margins are under pressure from surging component costs and ongoing shortages, with product gross margin at 65.5% and management expecting only a gradual recovery. The company said it has shortened quote validity to 30 days and is still seeing rapidly changing pricing conditions across NAND and memory markets.

Everpure Trading Down 14.6%

NYSE:P opened at $73.18 on Friday. The stock has a market capitalization of $24.18 billion, a P/E ratio of 110.88, a price-to-earnings-growth ratio of 6.31 and a beta of 1.44. Everpure has a twelve month low of $50.20 and a twelve month high of $100.59.

Everpure News Roundup

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Everpure posted a solid Q1 beat, with earnings of $0.47 per share versus $0.40 expected and revenue of $1.05 billion versus $997.9 million forecast, supported by 35% year-over-year revenue growth and 55% product revenue growth.
• Positive Sentiment: Management also raised its full-year fiscal 2027 revenue and operating profit guidance, which signals confidence in continued demand for its storage and data management products.
• Positive Sentiment: Analysts remained constructive after the report, with JPMorgan raising its price target to $92 and Needham reiterating a Buy rating with a $100 target, suggesting Wall Street still sees upside from current levels.
• Neutral Sentiment: The quarter benefited from strong AI-led storage demand, enterprise wins, and subscription growth, which helped offset supply chain challenges and drove record revenue growth. Everpure Inc (P) Q1 2027 Earnings Call Highlights: Record Revenue Growth and Strategic Expansions
• Negative Sentiment: The stock fell because investors focused less on the beat and more on guidance that did not fully excite the market, especially the weaker next-quarter outlook and pressure on free cash flow. Why Everpure (P) Shares Are Trading Lower Today

Insiders Place Their Bets

In related news, insider John Colgrove sold 200,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $85.93, for a total value of $17,186,000.00. Following the sale, the insider directly owned 6,625,221 shares of the company’s stock, valued at $569,305,240.53. This trade represents a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 534,265 shares of company stock valued at $41,321,234 over the last quarter. Company insiders own 5.10% of the company’s stock.

Institutional Trading of Everpure

Several large investors have recently bought and sold shares of P. Atreides Management LP acquired a new stake in Everpure in the second quarter valued at about $204,552,000. Polar Capital Holdings Plc boosted its stake in Everpure by 90.5% in the third quarter. Polar Capital Holdings Plc now owns 2,831,141 shares of the company’s stock valued at $237,278,000 after buying an additional 1,345,207 shares in the last quarter. AQR Capital Management LLC boosted its stake in Everpure by 62.7% in the fourth quarter. AQR Capital Management LLC now owns 3,414,715 shares of the company’s stock valued at $228,820,000 after buying an additional 1,315,351 shares in the last quarter. Alyeska Investment Group L.P. acquired a new stake in Everpure in the fourth quarter valued at about $49,915,000. Finally, Man Group plc boosted its stake in Everpure by 917.2% in the second quarter. Man Group plc now owns 740,113 shares of the company’s stock valued at $42,616,000 after buying an additional 667,354 shares in the last quarter. 83.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Needham & Company LLC restated a “buy” rating and issued a $100.00 price target on shares of Everpure in a research report on Thursday. Wells Fargo & Company raised their price target on Everpure from $90.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday. UBS Group raised their price target on Everpure from $63.00 to $70.00 and gave the stock a “sell” rating in a research report on Thursday. Weiss Ratings assumed coverage on Everpure in a research report on Monday, April 20th. They issued a “hold (c)” rating on the stock. Finally, JPMorgan Chase & Co. raised their price target on Everpure from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday. Thirteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.32.

About Everpure

Pure Storage, Inc provides data storage technologies, products, and services in the United States and internationally. The company’s Purity software is shared across its products and provides enterprise-class data services, such as data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object. Its products portfolio includes FlashArray for block-oriented storage, addressing databases, applications, virtual machines, and other traditional workloads; FlashArray//XL; and FlashArray//C, an all-QLC flash array.