Western Digital(US:WDC) ZACKS·2026-01-24 00:00Company Performance - Western Digital (WDC) closed at $236.39, reflecting a -2.84% change from the previous day, underperforming the S&P 500's daily gain of 0.03% [1] - Over the last month, WDC's shares increased by 35.49%, significantly outperforming the Computer and Technology sector's gain of 0.43% and the S&P 500's gain of 0.6% [1] Earnings Projections - Western Digital is expected to report earnings of $1.93 per share on January 29, 2026, indicating a year-over-year growth of 9.04% [2] - The Zacks Consensus Estimate for revenue is projected at $2.94 billion, which represents a decline of 31.5% from the same period last year [2] - For the full year, analysts anticipate earnings of $7.71 per share and revenue of $11.73 billion, reflecting changes of +56.39% and -11.64% respectively from the previous year [3] Analyst Estimates and Ratings - Recent adjustments to analyst estimates for Western Digital suggest a favorable outlook on the company's business health and profitability [4] - The Zacks Rank system currently rates Western Digital as 1 (Strong Buy), indicating a positive sentiment among analysts [6] Valuation Metrics - Western Digital is trading with a Forward P/E ratio of 31.54, which is higher than the industry average of 23.47 [7] - The company's PEG ratio stands at 1.08, compared to the average PEG ratio of 1.76 for Computer-Storage Devices stocks [7] Industry Context - The Computer-Storage Devices industry is part of the Computer and Technology sector, holding a Zacks Industry Rank of 38, placing it in the top 16% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]