Western Digital(WDC) ZACKS·2024-06-04 22:52Company Performance - Western Digital's stock closed at $73.94, reflecting a -1.39% change from the previous trading day, underperforming the S&P 500's daily gain of 0.15% [1] - Over the past month, Western Digital's shares gained 3.28%, lagging behind the Computer and Technology sector's gain of 5.13% but outperforming the S&P 500's gain of 3.2% [1] - The upcoming earnings report is expected to show an EPS of $1.02, which represents a 151.52% increase from the prior-year quarter, with revenue anticipated at $3.72 billion, up 39.37% from the prior-year quarter [1] Annual Estimates - For the annual period, the Zacks Consensus Estimates predict earnings of -$0.84 per share and revenue of $12.81 billion, indicating increases of +76.6% and +3.96% respectively from the last year [2] - Recent modifications to analyst estimates for Western Digital reflect near-term business trends, with positive revisions seen as a good sign for the company's outlook [2] Industry Ranking - Western Digital currently holds a Zacks Rank of 2 (Buy), with the Zacks Consensus EPS estimate remaining steady over the past month [3] - The Computer-Storage Devices industry is part of the Computer and Technology sector, holding a Zacks Industry Rank of 25, placing it in the top 10% of over 250 industries [3] - The Zacks Industry Rank assesses the strength of industry groups, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [3]