Seagate(STX)

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Seagate(STX) - 2024 Q4 - Annual Report
2024-08-02 20:20
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K _________________________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 28, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from: to Commission File Number 001-31560 SEAGATE TECHNOLOGY HOLDINGS PUBLIC LIMITED COMPANY (Exact name of registrant as specified i ...
Here's Why Seagate (STX) Looks Ripe for Bottom Fishing
ZACKS· 2024-07-30 14:56
Shares of Seagate (STX) have been struggling lately and have lost 5.1% over the past two weeks. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road.While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the future earnin ...
What Makes Seagate (STX) a Strong Momentum Stock: Buy Now?
ZACKS· 2024-07-29 17:00
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...
Seagate (STX) Q4 Earnings Top Estimates on Upbeat Demand Trends
ZACKS· 2024-07-26 16:15
Seagate Technology Holdings plc (STX) recently reported better-than-expected fourth-quarter fiscal 2024 results. Non-GAAP earnings of $1.05 per share beat the Zacks Consensus Estimate by 40%. The company reported a non-GAAP loss of 18 cents per share in the year-ago quarter. It also exceeded management's guidance of 70 cents (+/- 20 cents). Non-GAAP revenues of $1.887 billion beat the Zacks Consensus Estimate by 1.5%. The figure increased 18% on a year-over-year basis and 14% sequentially. Management projec ...
Earnings Estimates Moving Higher for Seagate (STX): Time to Buy?
ZACKS· 2024-07-25 17:22
Seagate (STX) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this electronic storage maker, should get reflected in its stock price. After all, empirical research shows a strong correlation betwe ...
Here's Why Seagate (STX) is a Strong Momentum Stock
ZACKS· 2024-07-25 14:50
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.It also includes access to the Zacks Style Scores.What are the Zacks Style Scores?Developed ...
Seagate's (STX) Q4 Earnings Beat Estimates, Revenues Up Y/Y
ZACKS· 2024-07-24 13:01
Seagate Technology Holdings plc (STX) reported fourth-quarter fiscal 2024 non-GAAP earnings of $1.05 per share, beating the Zacks Consensus Estimate by 40%. The company reported a non-GAAP loss of 18 cents per share in the year-ago quarter.Management anticipated fourth-quarter fiscal 2024 non-GAAP earnings to be 70 cents (+/- 20 cents).Non-GAAP revenues of $1.887 billion beat the Zacks Consensus Estimate by 1.5%. The figure increased 18% on a year-over-year basis and 14% sequentially. Management projected r ...
Seagate(STX) - 2024 Q4 - Earnings Call Transcript
2024-07-24 00:51
Seagate Technology Holdings plc (NASDAQ:STX) Q4 2024 Earnings Conference Call July 23, 2024 5:00 PM ET Company Participants Shanye Hudson - Investor Relations Dave Mosley - Chief Executive Officer Gianluca Romano - Chief Financial Officer Conference Call Participants Wamsi Mohan - Bank of America Asiya Merchant - Citigroup Erik Woodring - Morgan Stanley Krish Sankar - TD Cowen Amit Daryanani - Evercore Aaron Rakers - Wells Fargo Timothy Arcuri - UBS Karl Ackerman - BNP Paribas Vijay Rakesh - Mizuho C.J. Mus ...
Seagate (STX) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2024-07-23 23:01
For the quarter ended June 2024, Seagate (STX) reported revenue of $1.89 billion, up 17.8% over the same period last year. EPS came in at $1.05, compared to -$0.18 in the year-ago quarter.The reported revenue represents a surprise of +1.50% over the Zacks Consensus Estimate of $1.86 billion. With the consensus EPS estimate being $0.75, the EPS surprise was +40.00%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectati ...
Seagate (STX) Beats Q4 Earnings and Revenue Estimates
ZACKS· 2024-07-23 22:20
Seagate (STX) came out with quarterly earnings of $1.05 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to loss of $0.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 40%. A quarter ago, it was expected that this electronic storage maker would post earnings of $0.27 per share when it actually produced earnings of $0.33, delivering a surprise of 22.22%.Over the last four quarters, the company ...