Western Digital(WDC) ZACKS·2025-03-21 22:55Company Performance - Western Digital's stock closed at $43.66, reflecting a decrease of -1.91% from the previous day, underperforming the S&P 500's gain of 0.08% [1] - Over the past month, Western Digital shares have declined by 37.57%, significantly worse than the Computer and Technology sector's loss of 12.04% and the S&P 500's loss of 7.33% [2] Financial Expectations - Analysts anticipate Western Digital will report earnings of $1.06 per share, representing a year-over-year growth of 68.25%. Revenue is expected to reach $3.85 billion, indicating an 11.4% increase compared to the same quarter last year [3] - For the full year, Zacks Consensus Estimates project earnings of $5.46 per share and revenue of $16.27 billion, which would signify year-over-year changes of +2830% and +25.13%, respectively [4] Analyst Projections - Recent shifts in analyst projections for Western Digital are crucial, as they reflect short-term business trends. Positive estimate revisions are seen as a sign of optimism regarding the company's outlook [5] - The Zacks Rank system, which incorporates estimate changes, currently ranks Western Digital at 3 (Hold), with the consensus EPS estimate having decreased by 0.95% over the last 30 days [7] Valuation Metrics - Western Digital has a Forward P/E ratio of 8.16, which is lower than the industry's average Forward P/E of 12.93, indicating a valuation discount [8] - The Computer-Storage Devices industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 31, placing it in the top 13% of over 250 industries [8]