Why Is Western Digital (WDC) Up 19.6% Since Last Earnings Report?

Core Viewpoint - Western Digital (WDC) shares have increased by approximately 19.6% since the last earnings report, outperforming the S&P 500, raising questions about the sustainability of this positive trend leading up to the next earnings release [1] Group 1: Earnings and Estimates - The consensus estimate for Western Digital has shifted upward by 6.36% over the past month, indicating a positive trend in estimates [2] - The most recent earnings report is crucial for understanding the key drivers behind the stock's performance [1] Group 2: VGM Scores - Western Digital currently holds a strong Growth Score of A and a momentum score of A, but has a D grade on the value side, placing it in the bottom 40% for this investment strategy [3] - The aggregate VGM Score for the stock is A, which is significant for investors not focused on a single strategy [3] Group 3: Outlook - Estimates for Western Digital have been trending upward, and the magnitude of these revisions appears promising [4] - Despite the positive estimate revisions, Western Digital has a Zacks Rank of 5 (Strong Sell), suggesting expectations of below-average returns in the coming months [4]