Western Digital (WDC) Rises Higher Than Market: Key Facts

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]