Western Digital (WDC) reported $3.76 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 40.9%. EPS of $1.44 for the same period compares to -$1.98 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $3.77 billion, representing a surprise of -0.18%. The company delivered an EPS surprise of +14.29%, with the consensus EPS estimate being $1.26.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

Western Digital Reports Fiscal Fourth Quarter and Fiscal Year 2024 Financial Results News Summary Exhibit 99.1 SAN JOSE, Calif., — July 31, 2024 — Western Digital Corp. (Nasdaq: WDC) today reported fiscal fourth quarter and fiscal year 2024 financial results. "Our fourth quarter and fiscal year 2024 results are reflective of the diverse and innovative portfolio we have developed in alignment with our strategic roadmap. Together, with the structural changes we have made to strengthen our operations, we are b ...

Western Digital Corp. (WDC) , a leading developer and manufacturer of data storage devices and solutions based on NAND flash and hard disk drive technologies, is set to report fourth-quarter fiscal 2024 results today after the closing bell. The stock price of Western Digital has surged 21.3% year to date, surpassing S&P 500’s rally of 14.7%. The stock has an Earnings ESP of +31.75% and sports a Zacks Rank #1 (Strong Buy).  You can see the complete list of today’s Zacks #1 Rank stocks here.Our research shows ...

Western Digital Corporation (WDC) is scheduled to report fiscal fourth-quarter 2024 results on Jul 31.For the to-be-reported quarter, management projects non-GAAP earnings per share in the range of 90 cents to $1.20. The Zacks Consensus Estimate is pegged at earnings of $1.26 per share. WDC reported a loss per share of $1.98 in the prior-year quarter.Western Digital expects non-GAAP revenues in the range of $3.6-$3.8 billion. The consensus estimate is currently pegged at $3.77 billion, indicating an increas ...

Western Digital (WDC) has been beaten down lately with too much selling pressure. While the stock has lost 13.2% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator th ...

Wall Street analysts expect Western Digital (WDC) to post quarterly earnings of $1.26 per share in its upcoming report, which indicates a year-over-year increase of 163.6%. Revenues are expected to be $3.77 billion, up 41.1% from the year-ago quarter.Over the last 30 days, there has been an upward revision of 1.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this tim ...

JHVEPhotoWestern Digital Corp (NASDAQ:WDC) has emerged as one of the market's more interesting turnaround stories, marked by an improved growth and earnings outlook. Even amid the latest round of tech sector volatility, shares of WDC are still up more than 75% over the past year. The data storage giant recognized as a leader in flash and hard disk drives is set to report its fiscal Q4 earnings on July 31. The market will look at signs of continued operational and financial momentum, with themes like art ...

Western Digital (WDC) closed at $78.82 in the latest trading session, marking a +0.06% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.28%. Elsewhere, the Dow gained 0.53%, while the tech-heavy Nasdaq added 0.4%.The maker of hard drives for businesses and personal computers's stock has climbed by 0.83% in the past month, falling short of the Computer and Technology sector's gain of 4.22% and the S&P 500's gain of 3.78%.The investment community will be paying close a ...

Western Digital (WDC) closed at $78.50 in the latest trading session, marking a +1.72% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.1%. On the other hand, the Dow registered a loss of 0.08%, and the technology-centric Nasdaq increased by 0.28%.Shares of the maker of hard drives for businesses and personal computers witnessed a gain of 2.92% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 8.41% and the ...

The latest trading session saw Western Digital (WDC) ending at $75.40, denoting a -0.49% adjustment from its last day's close. This change lagged the S&P 500's daily loss of 0.31%. At the same time, the Dow added 0.67%, and the tech-heavy Nasdaq lost 1.09%.The the stock of maker of hard drives for businesses and personal computers has risen by 1.28% in the past month, lagging the Computer and Technology sector's gain of 6.41% and the S&P 500's gain of 2.73%.Investors will be eagerly watching for the perform ...