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 ...

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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 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 ...

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 ...

Company Performance - Seagate reported quarterly earnings of $1.05 per share, exceeding the Zacks Consensus Estimate of $0.75 per share, compared to a loss of $0.18 per share a year ago, indicating a significant turnaround [1] - The company achieved a revenue of $1.89 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 1.50% and showing an increase from $1.6 billion in the same quarter last year [1] - Over the last four quarters, Seagate has surpassed consensus EPS estimates three times, demonstrating consistent performance [1] Stock Performance - Seagate shares have increased approximately 24.4% since the beginning of the year, outperforming the S&P 500's gain of 16.7% [2] - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating expectations for it to outperform the market in the near future [3] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $1.03 on revenues of $2.02 billion, and for the current fiscal year, it is $5.84 on revenues of $8.93 billion [4] - The Technology Services industry, to which Seagate belongs, is ranked in the top 38% of over 250 Zacks industries, suggesting a favorable industry outlook [4] Related Industry Insights - Distribution Solutions Group (DSGR), another company in the same industry, is expected to report quarterly earnings of $0.32 per share, reflecting a year-over-year increase of 23.1% [5] - The expected revenue for Distribution Solutions Group is $437.4 million, which is a 15.7% increase from the previous year [5]

Exhibit 99.1 Investor Relations Contact: Shanye Hudson, (510) 661-1600 shanye.hudson@seagate.com Media Contact: Agnieszka Zielinska, (503) 380-0948 agnieszka.zielinska@seagate.com SEAGATE TECHNOLOGY REPORTS FISCAL FOURTH QUARTER AND FISCAL YEAR 2024 FINANCIAL RESULTS Fiscal Q4 2024 Highlights Fiscal Year 2024 Highlights FREMONT, CA – July 23, 2024 - Seagate Technology Holdings plc (NASDAQ: STX) (the "Company" or "Seagate"), a leading innovator of mass-capacity data storage, today reported financial results ...

Seagate Technology Holdings plc (STX) is scheduled to report fourth-quarter fiscal 2024 earnings on Jul 23.The Zacks Consensus Estimate for the earnings is pegged at 75 cents per share. STX reported a loss of 18 cents per share in the prior-year quarter. The consensus estimate for revenues is pegged at $1.86 billion, suggesting an increase of 16.1% from a year ago levels.Management anticipates fourth-quarter fiscal 2024 revenues to be $1.85 billion (+/- $150 million). Non-GAAP earnings are expected to be 70 ...

Seagate (STX) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on July 23, 2024, might help the stock move higher if these key numbers are better than expectatio ...

The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Seagate (STX) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Business Services peers, we might be able to answer that question.Seagate is a member of our Business Services group, which includes 315 ...