Here is What to Know Beyond Why Western Digital Corporation (WDC) is a Trending Stock

Core Viewpoint - Western Digital's stock has been trending due to recent searches, with a performance of +2.1% over the past month, lagging behind the S&P 500's +3.8% and the Computer-Storage Devices industry's +7.5% [1] Earnings Estimates - For the current quarter, Western Digital is expected to report earnings of $1.72 per share, reflecting a significant increase of +197.7% year-over-year [3] - The consensus earnings estimate for the current fiscal year is $8.35, indicating a remarkable change of +4,275% from the previous year [3] - For the next fiscal year, the earnings estimate is $9.65, showing a growth of +15.5% compared to the prior year [3] Revenue Growth - The consensus sales estimate for the current quarter is $4.11 billion, representing a year-over-year increase of +49.5% [5] - For the current fiscal year, the revenue estimate is $17.13 billion, indicating a growth of +31.8% [5] - The next fiscal year's revenue estimate is $19.27 billion, reflecting a change of +12.5% [5] Recent Performance - In the last reported quarter, Western Digital achieved revenues of $3.76 billion, a year-over-year increase of +40.9% [6] - The EPS for the same period was $1.44, a significant improvement from -$1.98 a year ago [6] - The company has consistently beaten consensus EPS estimates over the last four quarters and topped revenue estimates three times [6] Valuation - Western Digital's valuation metrics, including price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), are essential for assessing its stock value [7] - The Zacks Value Style Score grades Western Digital with a D, indicating it is trading at a premium compared to its peers [8]