A Look Ahead: Western Digital's Earnings Forecast

Western Digital (NASDAQ:WDC) is gearing up to announce its quarterly earnings on Thursday, 2024-10-24. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Western Digital will report an earnings per share (EPS) of $1.72.

The market awaits Western Digital's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.

It's important for new investors to understand that guidance can be a significant driver of stock prices.

Historical Earnings Performance

During the last quarter, the company reported an EPS beat by $0.29, leading to a 9.72% drop in the share price on the subsequent day.

Here's a look at Western Digital's past performance and the resulting price change:

Quarter

Q4 2024

Q3 2024

Q2 2024

Q1 2024

EPS Estimate

1.15

0.20

-1.13

-1.91

EPS Actual

1.44

0.63

-0.69

-1.76

Price Change %

-10.0%

3.0%

-3.0%

-4.0%

Tracking Western Digital's Stock Performance

Shares of Western Digital were trading at $67.76 as of October 22. Over the last 52-week period, shares are up 74.96%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Insights Shared by Analysts on Western Digital

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Western Digital.

A total of 9 analyst ratings have been received for Western Digital, with the ...