Core Insights - Western Digital (WDC) shows a significant improvement in earnings outlook, making it an attractive investment option as analysts continue to raise earnings estimates [1][3] - The upward trend in earnings estimate revisions reflects growing analyst optimism regarding the company's earnings prospects, which is expected to positively impact its stock price [2][3] Current-Quarter Estimate Revisions - The earnings estimate for the current quarter is $1.85 per share, representing a +4.5% change from the previous year [6] - Over the last 30 days, the Zacks Consensus Estimate for Western Digital has increased by 8.28%, with two estimates moving higher and no negative revisions [6] Current-Year Estimate Revisions - For the full year, the earnings estimate is $7.06 per share, indicating a +43.2% change from the year-ago figure [7] - The consensus estimate has increased by 5.71% over the past month, with three estimates moving higher and no negative revisions [8] Favorable Zacks Rank - Western Digital has achieved a Zacks Rank 1 (Strong Buy) due to promising estimate revisions, which is a reliable indicator for investors [9] - Stocks with Zacks Rank 1 and 2 have historically outperformed the S&P 500, suggesting strong potential for Western Digital [9] Bottom Line - Western Digital shares have increased by 26.1% over the past four weeks, indicating investor confidence in its earnings growth prospects [10]

Company Overview - Western Digital (WDC) currently holds a Momentum Style Score of A, indicating strong momentum potential [3] - The company has a Zacks Rank of 1 (Strong Buy), which is associated with a historical outperformance in the market [4] Price Performance - WDC shares have increased by 11.23% over the past week, while the Zacks Computer-Storage Devices industry has decreased by 3.66% during the same period [6] - Over the last month, WDC's price change is 13.35%, significantly outperforming the industry's 0.89% [6] - In the last quarter, WDC shares have risen by 49.97%, and over the past year, they have gained 25.62%, compared to the S&P 500's increases of 13.18% and 21.49%, respectively [7] Trading Volume - The average 20-day trading volume for WDC is 7,489,715 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, five earnings estimates for WDC have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $5.70 to $6.50 [10] - For the next fiscal year, one estimate has moved upwards, with no downward revisions noted [10] Conclusion - Given the strong price performance, positive earnings outlook, and high momentum score, WDC is positioned as a promising investment opportunity [12]