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 ...

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 THIRD QUARTER 2024 FINANCIAL RESULTS Fiscal Q3 2024 Highlights • Revenue of $1.66 billion • GAAP diluted earnings per share (EPS) of $0.12; non-GAAP diluted EPS of $0.33 • Cash flow from operations of $188 million and free cash flow of $128 million • Declared cash dividend of $0.70 per share FREMO ...

JHVEPhoto Thesis Seagate Technology Holdings plc (NASDAQ:STX) is at the forefront of the market for solving mass-capacity storage problems. With breakthrough technologies, its product portfolio consists of storage devices, systems, and services from edge to cloud for OEMs, distributors, retailers, and institutions. As of 04/12/24, STX's stock price was $85.19. Recently, Seagate provided forward guidance stating that its new Mozaic platform will undergo volume scaling. In response, I believe its Mozaic platf ...

Investors are always looking for stocks that are poised to beat at earnings season and Seagate Technology Holdings plc (STX) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Seagate Technologyis seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possibl ...

In its upcoming report, Seagate (STX) is predicted by Wall Street analysts to post quarterly earnings of $0.25 per share, reflecting an increase of 189.3% compared to the same period last year. Revenues are forecasted to be $1.65 billion, representing a year-over-year decrease of 11.6%.Over the last 30 days, there has been an upward revision of 11.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial ...

Seagate Technology Holdings plc (STX) is scheduled to report third-quarter fiscal 2024 earnings on Apr 23.The Zacks Consensus Estimate for the earnings is pegged at 25 cents per share. STX reported a loss of 28 cents per share in the prior-year quarter. The consensus estimate for revenues is pegged at $1.65 billion, suggesting a decline of 11.6% from a year ago.Management anticipates third-quarter fiscal 2024 revenues to be $1.65 billion (+/- $150 million). Non-GAAP earnings are expected to be 25 cents per ...

Thursday was a fine day to load up on computer chip and storage stocks. In the latter category, data storage mainstay Seagate Technology (STX 1.18%) had a bullish trading session, closing more than 1% higher against the S&P 500 index's 0.3% upward crawl. Seagate largely has one of its tech sector peers to thank for that.The Micron effectThat peer is flash memory maker Micron Technology, which unveiled its latest set of quarterly results before market open. Happily for that company's shareholders and the ele ...

Seagate Technology Holdings plc (STX) is witnessing strong momentum, with shares having rallied 39.4% in the past year compared with the S&P 500 Composite’s 28.6% growth.At present, the stock carries a Zacks Rank #2 (Buy). Apart from a favorable rank, STX has a Momentum Score of A. Per Zacks’ proprietary methodology, stocks with a combination of a Zacks Rank #1 (Strong Buy) or 2 and a Momentum Score of A or B offer solid investment opportunities.The stock is down 14.5% from its 52-week high level of $101.26 ...