Western Digital Corporation (WDC) has seen its shares rise by +4.6% over the past month, outperforming the Zacks S&P 500 composite’s +4% increase and the Zacks Computer-Storage Devices industry’s +7.9% gain. The company is expected to report earnings of $1.02 per share for the current quarter, reflecting a year-over-year rise of +151.5%, while the consensus estimate for the current fiscal year is -$0.84, indicating a +76.6% change from the previous year.
The consensus sales estimate for the current quarter stands at $3.72 billion, representing a year-over-year increase of +39.4%. Western Digital’s last reported quarter showed revenues of $3.46 billion, a +23.3% increase year-over-year, and an EPS of $0.63 compared to -$1.37 a year prior, exceeding estimates in both revenue and EPS consistently over the past four quarters. The company’s Zacks Rank is #2 (Buy), suggesting potential outperformance in the near term.
For future projections, the earnings estimate for the next fiscal year is $8.33, indicating an increase of +1,092.4% from the prior year. Notably, Western Digital has garnered a Zacks Value Style Score of D, indicating it is trading at a premium to its peers.
