Will Western Digital (WDC) Beat Estimates Again in Its Next Earnings Report?

Core Insights - Western Digital (WDC) is positioned to potentially continue its earnings-beat streak in upcoming reports, particularly within the Zacks Computer-Storage Devices industry [1] - The company has a history of beating earnings estimates, with an average surprise of 6.31% over the last two quarters [1] Earnings Performance - For the most recent quarter, Western Digital reported earnings of $1.22 per share, missing the expected $1.36 per share by 11.48% [2] - In the previous quarter, the company reported $1.77 per share against an expectation of $1.75 per share, resulting in a surprise of 1.14% [2] Earnings Estimates and Predictions - Recent estimates for Western Digital have been trending upward, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong potential for an earnings beat [5] - The current Earnings ESP for Western Digital is +3.70%, suggesting that analysts are optimistic about the company's earnings prospects [8] - The combination of a positive Earnings ESP and a Zacks Rank 1 (Strong Buy) indicates a high likelihood of another earnings beat [8] Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [6] - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [7]