Why Is Seagate (STX) Up 28.9% Since Last Earnings Report?

Company Overview - Seagate's shares have increased by approximately 28.9% over the past month, outperforming the S&P 500 [1] - The most recent earnings report is crucial for understanding the key drivers behind this performance [1] Earnings Estimates - Fresh estimates for Seagate have trended upward, with the consensus estimate shifting by 6.54% in the past month [2] VGM Scores - Seagate has an average Growth Score of C and a Momentum Score of B, while its Value Score is graded D, placing it in the bottom 40% for this investment strategy [3] - The overall aggregate VGM Score for Seagate is C, which is relevant for investors not focused on a single strategy [3] Outlook - The upward trend in estimates for Seagate appears promising, with a Zacks Rank of 3 (Hold), indicating an expectation of in-line returns in the coming months [4] Industry Performance - Seagate is part of the Zacks Computer - Integrated Systems industry, where IBM has gained 7.6% over the past month [5] - IBM reported revenues of $14.54 billion for the last quarter, reflecting a year-over-year increase of 0.6% [5] - IBM's expected earnings for the current quarter are $2.64 per share, representing a year-over-year change of 8.6% [6]