Western Digital(US:WDC) ZACKSยท2025-08-29 22:50Company Overview - Western Digital (WDC) closed at $80.34, down 2.07% from the previous trading session, underperforming the S&P 500's loss of 0.64% [1] - Over the past month, WDC shares gained 4.26%, outperforming the Computer and Technology sector's gain of 2.91% and the S&P 500's gain of 1.91% [1] Upcoming Earnings - Analysts expect Western Digital to report earnings of $1.57 per share, reflecting a year-over-year decline of 11.8% [2] - The consensus estimate projects revenue of $2.7 billion, indicating a 34.03% decrease from the same quarter last year [2] Fiscal Year Estimates - For the entire fiscal year, Zacks Consensus Estimates predict earnings of $6.5 per share and revenue of $10.92 billion, representing changes of +31.85% and -17.76% respectively from the previous year [3] - Recent changes in analyst estimates may indicate shifting business trends, with positive revisions suggesting analyst optimism [3] Zacks Rank and Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has shown that 1 stocks have contributed an average annual return of +25% since 1988 [5] - Western Digital currently holds a Zacks Rank of 1 (Strong Buy), with a 9.55% rise in the Zacks Consensus EPS estimate over the past month [5] Valuation Metrics - Western Digital is trading at a Forward P/E ratio of 12.62, which is lower than its industry's Forward P/E of 15.14 [6] - The company has a PEG ratio of 0.91, compared to the average PEG ratio of 2.32 for the Computer-Storage Devices industry [6] Industry Context - The Computer-Storage Devices industry is part of the Computer and Technology sector, holding a Zacks Industry Rank of 39, placing it in the top 16% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]