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 ...

Core Viewpoint - Analysts project that Western Digital (WDC) will report quarterly earnings of $1.72 per share, reflecting a year-over-year increase of 197.7% and revenues of $4.11 billion, up 49.5% from the same quarter last year [1] Group 1: Earnings and Revenue Estimates - The consensus EPS estimate has remained unchanged over the last 30 days, indicating analysts have reassessed their initial estimates [1] - Analysts predict 'Net Revenue- Flash' will reach $2.05 billion, representing a 32% increase from the year-ago quarter [2] - The consensus for 'Net Revenue- HDD' is projected at $2.03 billion, indicating a 70% increase from the prior-year quarter [2] - 'Gross profit- HDD' is expected to reach $764.66 million, compared to $273 million reported in the same quarter of the previous year [2] Group 2: Stock Performance and Market Outlook - Western Digital shares have changed by +0.4% in the past month, while the Zacks S&P 500 composite has moved +4.5% [3] - With a Zacks Rank 5 (Strong Sell), WDC is expected to underperform the overall market in the near term [3]

Western Digital (WDC) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this maker of hard drives for businesses and personal computers have returned +2.1% over the past month versus the Zacks S&P 500 composite's +3.8% change. The Zacks Computer- Storage Devices industry, to which Western Digital belongs, has gained 7.5% over this period. Now the key questi ...

Western Digital (WDC) closed the most recent trading day at $67.79, moving +1.25% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.47%. On the other hand, the Dow registered a gain of 0.79%, and the technology-centric Nasdaq increased by 0.28%.Heading into today, shares of the maker of hard drives for businesses and personal computers had gained 1.61% over the past month, lagging the Computer and Technology sector's gain of 3.88% and the S&P 500's gain of 3.48% in that tim ...

Western Digital (WDC) closed at $64.05 in the latest trading session, marking a -0.67% move from the prior day. This change lagged the S&P 500's daily loss of 0.21%. Elsewhere, the Dow saw a downswing of 0.14%, while the tech-heavy Nasdaq depreciated by 0.05%.Shares of the maker of hard drives for businesses and personal computers witnessed a gain of 1.85% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 9.62% and the S&P 500's gain of 5.94%.Analysts a ...

Western Digital (WDC) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this maker of hard drives for businesses and personal computers have returned +9.2%, compared to the Zacks S&P 500 composite's +4.3% change. During this period, the Zacks Computer- Storage Devices industry, which Western Digital falls in, has lost 20.5%. The key que ...

In the latest market close, Western Digital (WDC) reached $66.58, with a +0.09% movement compared to the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.17%. Meanwhile, the Dow lost 0.44%, and the Nasdaq, a tech-heavy index, lost 0.04%.Heading into today, shares of the maker of hard drives for businesses and personal computers had gained 5.67% over the past month, outpacing the Computer and Technology sector's gain of 1.41% and the S&P 500's gain of 1.25% in that time.Th ...

Core Viewpoint - Wall Street analysts' recommendations, particularly for Western Digital (WDC), show a strong bias towards positive ratings, which may not accurately reflect the stock's potential for price appreciation [1][2][5]. Brokerage Recommendation Trends for WDC - Western Digital has an average brokerage recommendation (ABR) of 1.48, indicating a consensus between Strong Buy and Buy, with 76.2% of the 21 recommendations being Strong Buy [1]. - Despite the positive ABR, studies suggest that brokerage recommendations often fail to guide investors effectively towards stocks with high price appreciation potential [2][5]. Zacks Rank vs. ABR - Zacks Rank, a proprietary stock rating tool, categorizes stocks from 1 (Strong Buy) to 5 (Strong Sell) and is based on earnings estimate revisions, which correlate strongly with near-term stock price movements [3][5]. - The ABR is solely based on brokerage recommendations and may not be up-to-date, while Zacks Rank reflects timely earnings estimates [4][6]. Investment Outlook for WDC - The Zacks Consensus Estimate for Western Digital's earnings remains unchanged at $8.35, suggesting stable analyst views on the company's earnings prospects [7]. - The unchanged consensus estimate has resulted in a Zacks Rank of 3 (Hold) for Western Digital, indicating a cautious approach despite the positive ABR [7].

Western Digital (WDC) closed the most recent trading day at $69.42, moving -1.48% from the previous trading session. This change lagged the S&P 500's 0.13% loss on the day. Meanwhile, the Dow gained 0.33%, and the Nasdaq, a tech-heavy index, lost 0.39%.The maker of hard drives for businesses and personal computers's stock has climbed by 11.79% in the past month, exceeding the Computer and Technology sector's gain of 2.7% and the S&P 500's gain of 2.43%.Analysts and investors alike will be keeping a close ey ...