Seagate Technology Holdings plc (STX) is witnessing strong momentum, with shares having rallied 58.2% in the past year compared with the S&P 500 Composite’s 27.7% growth.Headquartered at Dublin, Ireland, Seagate is a leading provider of data storage technology and infrastructure solutions. The company’s primary product offering is hard disk drives or hdds but it also develops other electronic data storage products such as SSD (solid state drive) and storage subsystems.At present, the stock carries a Zacks R ...

Seagate (STX) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.The upward trend in estimate revisions for this electronic storage maker reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends i ...

Key PointsSeagate, the largest manufacturer of hard disk drives, is ushering in the next generation of high-capacity HAMR technology HDDs in the Mozaic 3+ with up to 30 TBs, doubling the capacity in the same footprint.Seagate reported a fiscal Q3 2024 EPS of 33 cents, beating consensus estimates by 4 cents, while revenues fell 11% YOY but rose 6%, and adjusted EBITDA doubled QOQ, indicating the recovery cycle may be underway.Cloud data center demand is recovering as EBITDA margins expanded to 16.8%, up from ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 ____________________________ FORM 10-Q ___________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 29, 2024 ☐ 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 LIMIT ...

Seagate Technology Holdings plc (STX) reported third-quarter fiscal 2024 results. Though earnings per share beat the Zacks Consensus Estimate, sales lagged the same.Seagate reported non-GAAP earnings of 33 cents per share, beating the Zacks Consensus Estimate by 22.2%. The company reported a non-GAAP loss of 28 cents per share in the year-ago quarter. Management anticipated non-GAAP earnings to be 25 cents (+/- 20 cents).Non-GAAP revenues of $1.655 billion missed the Zacks Consensus Estimate by 0.7%. The fi ...

Seagate (STX) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individual investors often ...

Seagate Technology Holdings plc (STX) reported third-quarter fiscal 2024 non-GAAP earnings of 33 cents per share, beating the Zacks Consensus Estimate by 22.2%. The company reported non-GAAP loss of 28 cents per share in the year-ago quarter.Management anticipated third-quarter fiscal 2024 non-GAAP earnings to be 25 cents (+/- 20 cents).Non-GAAP revenues of $1.655 billion missed the Zacks Consensus Estimate by 0.7%. The figure declined 11% on a year-over-year basis. However, revenues improved 6% sequentiall ...

Seagate Technology Holdings plc (NASDAQ:STX) Q3 2024 Earnings Call Transcript April 23, 2024 5:00 PM ET Company Participants Shanye Hudson - SVP, IR Dave Mosley - CEO Gianluca Romano - CFO Conference Call Participants Erik Woodring - Morgan Stanley Amit Daryanani - Evercore ISI Aaron Rakers - Wells Fargo Wamsi Mohan - Bank of America Krish Sankar - TD Cowen Steven Fox - Fox Advisors Timothy Arcuri - UBS Securities Karl Ackerman - BNP Paribas Ananda Baruah - Loop Capital Mehdi Hosseini - SIG C.J. Muse - Cant ...

Seagate (STX) reported $1.66 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 11%. EPS of $0.33 for the same period compares to -$0.28 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.67 billion, representing a surprise of -0.68%. The company delivered an EPS surprise of +22.22%, with the consensus EPS estimate being $0.27.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they ...

Seagate (STX) came out with quarterly earnings of $0.33 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to loss of $0.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 22.22%. A quarter ago, it was expected that this electronic storage maker would post a loss of $0.07 per share when it actually produced earnings of $0.12, delivering a surprise of 271.43%.Over the last four quarters, the compa ...