Can Seagate (STX) Run Higher on Rising Earnings Estimates?

Core Viewpoint - Seagate (STX) shows a significant improvement in earnings outlook, making it an attractive investment option as analysts continue to raise earnings estimates [1][6] Earnings Estimates - The earnings estimate for the current quarter is $0.63 per share, reflecting a +450% change from the previous year [4] - Over the last 30 days, the Zacks Consensus Estimate for Seagate has increased by 60.96%, with three estimates moving higher and no negative revisions [4] - For the full year, the expected earnings are $0.85 per share, indicating a +347.37% change from the prior year [5] - The consensus estimate for the current year has risen by 496% due to five upward revisions and no negative changes [5] Analyst Sentiment - There is strong agreement among analysts in revising earnings estimates upward, leading to a meaningful improvement in consensus estimates for both the next quarter and the full year [2][5] - The promising estimate revisions have resulted in Seagate earning a Zacks Rank 2 (Buy), indicating a favorable outlook [6] Stock Performance - Seagate shares have increased by 10.4% over the past four weeks, suggesting positive investor sentiment based on the impressive estimate revisions [7]