Western Digital (WDC) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Over the past month, shares of this maker of hard drives for businesses and personal computers have returned +2.3%, compared to the Zacks S&P 500 composite's +1.8% change. During this period, the Zacks ComputerStorage Devices industry, which Western Digital falls in, has gained 6.5%. The key question now is: ...

Shares of Western Digital Corp WDC were spiking in early trading on Friday, after the company reported upbeat fiscal first-quarter earnings. The company reported its results amid an exciting earnings season. Here are some key analyst takeaways. Cantor Fitzgerald analyst C.J. Muse maintained an Overweight rating, while lifting the price target from $80 to $95. Benchmark analyst Mark Miller reiterated a Buy rating and price target of $92. RBC Capital Markets analyst Matt Bryson reaffirmed an Outperform rating ...

Western Digital Corporation (WDC) reported first-quarter fiscal 2025 non-GAAP earnings of $1.78 per share, surpassing the Zacks Consensus Estimate by 2.3%. The company incurred a loss of $1.76 per share in the prior-year quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Revenues of $4.1 billion missed the Zacks Consensus Estimate by 0.4%. However, the top line climbed 49% year over year owing to strong demand trends across Cloud end markets. On a sequential basis, revenues inc ...

Western Digital Corporation (NASDAQ:WDC) Q1 2025 Earnings Conference Call October 24, 2024 4:30 PM ET Company Participants Peter Andrew - Vice President of Financial Planning and Analyst and Investor Relations David Goeckeler - Chief Executive Officer Wissam Jabre - Executive Vice President and Chief Financial Officer Conference Call Participants C.J. Muse - Cantor Fitzgerald Joe Moore - Morgan Stanley Karl Ackerman - BNP Paribas Aaron Rakers - Wells Fargo Timothy Arcuri - UBS Wamsi Mohan - Bank of America ...

Western Digital (WDC) reported $4.1 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 48.9%. EPS of $1.78 for the same period compares to -$1.76 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $4.11 billion, representing a surprise of -0.39%. The company delivered an EPS surprise of +2.30%, with the consensus EPS estimate being $1.74.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wa ...

Western Digital (WDC) came out with quarterly earnings of $1.78 per share, beating the Zacks Consensus Estimate of $1.74 per share. This compares to loss of $1.76 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.30%. A quarter ago, it was expected that this maker of hard drives for businesses and personal computers would post earnings of $1.26 per share when it actually produced earnings of $1.44, delivering a surprise of 14. ...

Exhibit 99.1 Western Digital Reports Fiscal First Quarter 2025 Financial Results News Summary • First quarter revenue was $4.10 billion, up 9% sequentially (QoQ). Cloud revenue increased 17% (QoQ), Client and Consumer revenue remained flat (QoQ). • First quarter GAAP earnings per share (EPS) was $1.35 and Non-GAAP EPS was $1.78. • Expect fiscal second quarter 2025 revenue to be in the range of $4.20 billion to $4.40 billion. • Expect Non-GAAP EPS in the range of $1.75 to $2.05. SAN JOSE, Calif., — October 2 ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about Western Digital (WDC) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Western Digital currently has an average brokerage recomm ...

Western Digital Corporation (WDC) will report fiscal first-quarter 2025 results on Oct. 24.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Zacks Consensus Estimate is pegged at earnings of $1.72 per share, down 1.2% in the past 60 days. WDC reported a loss per share of $1.76 in the prior-year quarter. For the fiscal first quarter, Management projects non-GAAP earnings in the range of $1.55 to $1.85 per share.Western Digital expects non-GAAP revenues in the range of $4-$4.2 billi ...

Analysts on Wall Street project that Western Digital (WDC) will announce quarterly earnings of $1.72 per share in its forthcoming report, representing an increase of 197.7% year over year. Revenues are projected to reach $4.11 billion, increasing 49.5% from the same quarter last year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a company reve ...