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Gear Up for Western Digital (WDC) Q1 Earnings: Wall Street Estimates for Key Metrics
WDCWestern Digital(WDC) ZACKS·2024-10-21 14:21

Core Viewpoint - Analysts project that Western Digital (WDC) will report quarterly earnings of 1.72pershare,reflectingayearoveryearincreaseof197.71.72 per share, reflecting a year-over-year increase of 197.7% and revenues of 4.11 billion, up 49.5% from the same quarter last year [1] Group 1: Earnings and Revenue Estimates - The consensus EPS estimate has remained unchanged over the last 30 days, indicating analysts have reassessed their initial estimates [1] - Analysts predict 'Net Revenue- Flash' will reach 2.05billion,representinga322.05 billion, representing a 32% increase from the year-ago quarter [2] - The consensus for 'Net Revenue- HDD' is projected at 2.03 billion, indicating a 70% increase from the prior-year quarter [2] - 'Gross profit- HDD' is expected to reach 764.66million,comparedto764.66 million, compared to 273 million reported in the same quarter of the previous year [2] Group 2: Stock Performance and Market Outlook - Western Digital shares have changed by +0.4% in the past month, while the Zacks S&P 500 composite has moved +4.5% [3] - With a Zacks Rank 5 (Strong Sell), WDC is expected to underperform the overall market in the near term [3]