Western Digital (WDC) Declines More Than Market: Some Information for Investors

Company Performance - Western Digital is expected to report an EPS of $1.87, representing a 371.01% increase year-over-year [1] - Revenue is anticipated to be $4.28 billion, indicating a 41.08% increase compared to the same quarter of the previous year [1] - For the entire fiscal year, earnings are projected at $7.14 per share and revenue at $16.64 billion, reflecting changes of +3670% and +27.99% respectively from the previous year [7] Analyst Estimates - Recent changes to analyst estimates for Western Digital suggest a shifting business landscape, with positive revisions indicating a favorable business outlook [2] - The consensus EPS projection has decreased by 4.52% over the past 30 days, and Western Digital currently holds a Zacks Rank of 5 (Strong Sell) [3] Industry Context - The Computer-Storage Devices industry is part of the broader Computer and Technology sector, currently holding a Zacks Industry Rank of 218, placing it in the bottom 14% of over 250 industries [4] - Western Digital's stock has decreased by 16.84% in the past month, underperforming the Computer and Technology sector's gain of 4.8% and the S&P 500's loss of 0.36% [11] Valuation Metrics - Western Digital is trading at a Forward P/E ratio of 8.5, which is below the industry average Forward P/E of 13.61, indicating a discount relative to its peers [9]