Western Digital Corp <WDC.OQ> expected to post earnings of $1.17 a share - Earnings Preview
Western Digital Corp WDC.OQ WDC.O is expected to show a rise in quarterly revenue when it reports results on July 31 for the period ending June 30 2024
The San Jose California-based company is expected to report a 40.0% increase in revenue to $3.74 billion from $2.67 billion a year ago, according to the mean estimate from 20 analysts, based on LSEG data.The company's guidance on April 25 2024, for the period ended June 30, was for revenue between $3.60 billion and $3.80 billion. (Sales/Revenue Majority Basis is on Total Revenue.)
LSEG's mean analyst estimate for Western Digital Corp is for earnings of $1.17 per share. The company's EPS guidance on April 25 2024, for the period ended June 30, was between $0.90 and $1.20
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 mean earnings estimate of analysts was unchanged in the last three months.
Wall Street's median 12-month price target for Western Digital Corp is $90.00, above its last closing price of $68.26.
The company's guidance on May 20 2024 for the period ended June 30 was for gross profit margin between USD31% and USD34%.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Jan. 1 0001 | 0.30 | 0.21 | 0.63 | Beat | 203.7 |
Jan. 1 0001 | -1.12 | -1.90 | -0.69 | Beat | 39.1 |
Jan. 1 0001 | -1.91 | -1.90 | -1.76 | Beat | 7.6 |
Jan. 1 0001 | -2.02 | -2.01 | -1.98 | Beat | 1.7 |
Mar. 31 2023 | -1.57 | -1.37 | Beat | 12.8 | |
Jan. 1 0001 | -0.12 | -0.42 | Missed | -244 | |
Jan. 1 0001 | 0.31 | 0.36 | 0.20 | Missed | -45 |
Jun. 30 2022 | 1.67 | 1.73 | 1.78 | Beat | 3.1 |
This summary was machine generated July 29 at 20:43 GMT. 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)
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