On Thursday, Western Digital WDC will release its latest earnings report. Here is Benzinga's outlook for the company.
Earnings and Revenue
Western Digital earnings will be near $3.50 per share on sales of $5.07 billion, according to analysts.
In the same quarter last year, Western Digital posted a loss of $2.93 on sales of $4.84 billion. The Wall Street consensus estimate for earnings would represent a 19.45 percent increase for the company. Revenue would be have grown 4.71 percent from the same quarter last year. Western Digital's reported EPS has stacked up against analyst estimates in the past like this:
Quarter | Q3 2018 | Q2 2018 | Q1 2018 | Q4 2017 |
EPS Estimate | 3.29 | 3.79 | 3.29 | 2.81 |
EPS Actual | 3.63 | 3.95 | 3.56 | 2.93 |
Stock Performance
Over the last 52-week period, shares of Western Digital have declined 20.07 percent. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Long-term shareholders are already wary of 12-month losses prior to the announcement.
Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. The popular rating by analysts on Western Digital stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Conference Call
Western Digital's Q4 is scheduled to hold a conference call at 5:30 p.m. ET and it can be accessed here: https://edge.media-server.com/m6/p/d77xkfx5
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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