What Analyst Projections for Key Metrics Reveal About Seagate (STX) Q3 Earnings

Core Insights - Seagate (STX) is expected to report quarterly earnings of $0.25 per share, a significant increase of 189.3% year-over-year, while revenues are forecasted to decline by 11.6% to $1.65 billion [1] - Analysts have revised the consensus EPS estimate upward by 11.3% over the last 30 days, indicating a reassessment of initial forecasts [1] - The correlation between earnings estimate revisions and short-term stock price performance is highlighted as a critical factor for investors [1] Revenue Estimates - Revenue from the HDD product line is projected to be $1.47 billion, reflecting a year-over-year decrease of 8.4% [2] - Revenue from Enterprise Data Solutions, SSD & Other is expected to reach $175.92 million, indicating a significant decline of 31.3% year-over-year [2] Capacity and Pricing Metrics - Analysts estimate that the total capacity shipped will be 101.93 EB, down from 118.7 EB in the same quarter last year [3] - The HDD price per terabyte is estimated at $14.28, slightly higher than the previous year's value of $14 [3] - Capacity shipped for mass capacity is expected to be 90.22 EB, compared to 104.1 EB reported in the same quarter last year [2] Stock Performance - Over the past month, Seagate shares have decreased by 3.7%, while the Zacks S&P 500 composite has seen a decline of 1.7% [3] - Seagate holds a Zacks Rank of 3 (Hold), suggesting that its performance is likely to align with the overall market in the near term [3]