Western Digital Corp reports results for the quarter ended in June - Earnings Summary
Western Digital Corp WDC.OQ reported quarterly adjusted earnings of $1.44 per share for the quarter ended in June, higher than the same quarter last year, when the company reported EPS of $-1.98. The mean expectation of twenty one analysts for the quarter was for earnings of $1.17 per share. Wall Street expected results to range from 97 cents to $1.66 per share.
Revenue rose 40.9% to $3.76 billion from a year ago; analysts expected $3.74 billion.
Western Digital Corp's reported EPS for the quarter was 88 cents.
The company reported quarterly net income of $307 million.
Western Digital Corp shares had fallen by 16.6% this quarter and gained 20.6% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 2.3% in the last three months.
In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 21 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell."
The average consensus recommendation for the computer hardware peer group is also "buy"
Wall Street's median 12-month price target for Western Digital Corp is $90.00
This summary was machine generated from LSEG data July 31 at 09:00 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2024 | 1.17 | 1.44 | Beat |
Mar. 31 2024 | 0.21 | 0.63 | Beat |
Dec. 31 2023 | -1.13 | -0.69 | Beat |
Sep. 30 2023 | -1.90 | -1.76 | Beat |
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