Seagate(STX)

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Here's Why Seagate (STX) is a Strong Momentum Stock
ZACKS· 2024-07-25 14:50
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.It also includes access to the Zacks Style Scores.What are the Zacks Style Scores?Developed ...
Seagate's (STX) Q4 Earnings Beat Estimates, Revenues Up Y/Y
ZACKS· 2024-07-24 13:01
Seagate Technology Holdings plc (STX) reported fourth-quarter fiscal 2024 non-GAAP earnings of $1.05 per share, beating the Zacks Consensus Estimate by 40%. The company reported a non-GAAP loss of 18 cents per share in the year-ago quarter.Management anticipated fourth-quarter fiscal 2024 non-GAAP earnings to be 70 cents (+/- 20 cents).Non-GAAP revenues of $1.887 billion beat the Zacks Consensus Estimate by 1.5%. The figure increased 18% on a year-over-year basis and 14% sequentially. Management projected r ...
Seagate(STX) - 2024 Q4 - Earnings Call Transcript
2024-07-24 00:51
Seagate Technology Holdings plc (NASDAQ:STX) Q4 2024 Earnings Conference Call July 23, 2024 5:00 PM ET Company Participants Shanye Hudson - Investor Relations Dave Mosley - Chief Executive Officer Gianluca Romano - Chief Financial Officer Conference Call Participants Wamsi Mohan - Bank of America Asiya Merchant - Citigroup Erik Woodring - Morgan Stanley Krish Sankar - TD Cowen Amit Daryanani - Evercore Aaron Rakers - Wells Fargo Timothy Arcuri - UBS Karl Ackerman - BNP Paribas Vijay Rakesh - Mizuho C.J. Mus ...
Seagate (STX) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2024-07-23 23:01
For the quarter ended June 2024, Seagate (STX) reported revenue of $1.89 billion, up 17.8% over the same period last year. EPS came in at $1.05, compared to -$0.18 in the year-ago quarter.The reported revenue represents a surprise of +1.50% over the Zacks Consensus Estimate of $1.86 billion. With the consensus EPS estimate being $0.75, the EPS surprise was +40.00%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectati ...
Seagate (STX) Beats Q4 Earnings and Revenue Estimates
ZACKS· 2024-07-23 22:20
Seagate (STX) came out with quarterly earnings of $1.05 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to loss of $0.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 40%. A quarter ago, it was expected that this electronic storage maker would post earnings of $0.27 per share when it actually produced earnings of $0.33, delivering a surprise of 22.22%.Over the last four quarters, the company ...
Seagate(STX) - 2024 Q4 - Annual Results
2024-07-23 20:10
Exhibit 99.1 Investor Relations Contact: Shanye Hudson, (510) 661-1600 shanye.hudson@seagate.com Media Contact: Agnieszka Zielinska, (503) 380-0948 agnieszka.zielinska@seagate.com SEAGATE TECHNOLOGY REPORTS FISCAL FOURTH QUARTER AND FISCAL YEAR 2024 FINANCIAL RESULTS Fiscal Q4 2024 Highlights Fiscal Year 2024 Highlights FREMONT, CA – July 23, 2024 - Seagate Technology Holdings plc (NASDAQ: STX) (the "Company" or "Seagate"), a leading innovator of mass-capacity data storage, today reported financial results ...
Factors to Note Ahead of Seagate's (STX) Q4 Earnings Release
ZACKS· 2024-07-19 13:40
Seagate Technology Holdings plc (STX) is scheduled to report fourth-quarter fiscal 2024 earnings on Jul 23.The Zacks Consensus Estimate for the earnings is pegged at 75 cents per share. STX reported a loss of 18 cents per share in the prior-year quarter. The consensus estimate for revenues is pegged at $1.86 billion, suggesting an increase of 16.1% from a year ago levels.Management anticipates fourth-quarter fiscal 2024 revenues to be $1.85 billion (+/- $150 million). Non-GAAP earnings are expected to be 70 ...
Seagate (STX) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
ZACKS· 2024-07-16 15:06
Seagate (STX) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on July 23, 2024, might help the stock move higher if these key numbers are better than expectatio ...
Are Business Services Stocks Lagging Seagate Technology (STX) This Year?
ZACKS· 2024-07-11 14:40
The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Seagate (STX) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Business Services peers, we might be able to answer that question.Seagate is a member of our Business Services group, which includes 315 ...
Seagate Technology Stock: AI Data Demand Can Push Shares To An All-Time High
Seeking Alpha· 2024-06-24 21:52
JHVEPhoto Shares of Seagate Technology Holdings plc (NASDAQ:STX) have gained momentum since the company's latest quarterly results. The stock is up nearly 70% over the past year, benefiting from a rebound in earnings. While the mass-capacity data storage market has faced uncertainties in recent years, new demand from cloud computing applications where the technology is still considered the most cost-effective option supports a positive outlook. We last covered STX nearly three years ago highlighting the com ...