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 ...

CHINA - 2023/11/03: In this photo illustration, the American computer hard disk drive and data ... [+] storage manufacturer Western Digital (WD, NASDAQ: WDC) logo seen displayed on a smartphone with an Artificial intelligence (AI) chip and symbol in the background. (Photo Illustration by Budrul Chukrut/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesWestern Digital (NASDAQ: WDC) has seen its stock price surge over 55% this year, while its peer Seagate (NASDAQ: STX) saw over ...

Company Performance - Western Digital (WDC) closed at $80.23, reflecting a +0.46% change from the previous day's closing price, outperforming the S&P 500's gain of 0.25% [1] - Over the past month, Western Digital's shares have increased by 9.32%, surpassing the Computer and Technology sector's gain of 8.7% and the S&P 500's gain of 3.34% [1] - The upcoming earnings report is projected to show earnings of $1.16 per share, indicating a year-over-year growth of 158.59%, with revenue expected to reach $3.72 billion, a 39.37% increase from the same quarter last year [1] Analyst Estimates - For the full year, analysts expect earnings of -$0.62 per share and revenue of $12.81 billion, reflecting changes of +82.73% and +3.96% respectively from the previous year [2] - Recent modifications to analyst estimates indicate shifting business dynamics, with positive changes suggesting optimism regarding the company's profitability [2] - The Zacks Rank system, which incorporates estimate changes, currently ranks Western Digital at 3 (Hold), with the Zacks Consensus EPS estimate remaining unchanged over the past month [3] Industry Context - The Computer-Storage Devices industry is part of the broader Computer and Technology sector, currently holding a Zacks Industry Rank of 96, placing it in the top 39% of over 250 industries [3] - The Zacks Industry Rank measures the strength of industry groups based on the average Zacks Rank of individual stocks, with top-rated industries outperforming lower-rated ones by a factor of 2 to 1 [3]

Group 1 - The average brokerage recommendation (ABR) for Western Digital (WDC) is 1.38, indicating a consensus between Strong Buy and Buy, with 81% of the 21 recommendations being Strong Buy [1][2] - Brokerage firms tend to exhibit a strong positive bias in their ratings, with five "Strong Buy" recommendations for every "Strong Sell," which may mislead retail investors [2][4] - The Zacks Rank, which is based on earnings estimate revisions, is a more reliable indicator of near-term stock price performance compared to ABR [3][5] Group 2 - The Zacks Consensus Estimate for Western Digital's earnings for the current year is unchanged at -$0.62, suggesting the stock may perform in line with the broader market [6] - The Zacks Rank for Western Digital is 3 (Hold), indicating a cautious approach despite the Buy-equivalent ABR [6]