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 ...

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 ...

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 ▪ Revenue of $1.89 billion ▪ GAAP diluted earnings per share (EPS) of $2.39; non-GAAP diluted EPS of $1.05 ▪ Cash flow from operations of $434 million and free cash flow of $380 million ▪ Declared cash dividend of $0.7 ...

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 ...

JHVEPhoto Shares of Seagate Technology Holdings plc (NASDAQ:STX) have gained momentum since the company's latest quarterly results. The stock is up nearly 70% over the past year, benefiting from a rebound in earnings. While the mass-capacity data storage market has faced uncertainties in recent years, new demand from cloud computing applications where the technology is still considered the most cost-effective option supports a positive outlook. We last covered STX nearly three years ago highlighting the com ...

Seagate Technology Holdings plc (STX) is collaborating with eBay to set up its storefront on the latter’s e-commerce platform. The storefront on eBay will establish a direct channel for STX’s consumers to gain access to “factory-recertified” hard drives. These recertified (by Seagate) drives will also come with a limited warranty.STX, as a part of the Seagate Circularity Program, is looking to lower hard drive shredding and boost the reuse of storage devices. Hard drive shredding is an unsustainable practic ...

Seagate Technology Holdings plc (STX) is continuing its upward trajectory, with a gain of 21.6% year to date compared with the S&P 500 composite and sub-industry’s growth of 14.1% and 16.4%, respectively.With healthy fundamentals and strong growth opportunities, this Zacks Rank #2 (Buy) stock appears to be a solid investment option at the moment.Apart from a favorable rank, STX has a Growth Score of A. Per Zacks’ proprietary methodology, stocks with a combination of a Zacks Rank #1 (Strong Buy) or 2 and a G ...