In the latest close session, Western Digital (WDC) was down 1.56% at $66.48. This move lagged the S&P 500's daily gain of 0.32%. Elsewhere, the Dow saw an upswing of 0.53%, while the tech-heavy Nasdaq appreciated by 0.26%.
The maker of hard drives for businesses and personal computers's shares have seen an increase of 15.3% over the last month, surpassing the Computer and Technology sector's gain of 7.22% and the S&P 500's gain of 4.51%.
Analysts and investors alike will be keeping a close eye on the performance of Western Digital in its upcoming earnings disclosure. The company's earnings report is set to go public on July 30, 2025. The company is predicted to post an EPS of $1.47, indicating a 2.08% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $2.45 billion, indicating a 34.79% downward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $4.73 per share and a revenue of $9.37 billion, demonstrating changes of +2465% and 0%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Western Digital. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.75% higher. At present, Western Digital boasts a Zacks Rank of #3 (Hold).
In the context of valuation, Western Digital is at present trading with a Forward P/E ratio of 11.79. This signifies a discount in comparison to the average Forward P/E of 13.4 for its industry.
The Computer- Storage Devices industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 46, placing it within the top 19% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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Western Digital Corporation (WDC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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