Western Digital Corporation (WDC) is Attracting Investor Attention: Here is What You Should Know

Core Viewpoint - Western Digital (WDC) has shown a positive stock performance recently, with a +4.6% return over the past month, outperforming the S&P 500 composite's +4% and the Computer-Storage Devices industry’s +7.9% [1] Earnings Estimates - Western Digital is expected to post earnings of $1.02 per share for the current quarter, reflecting a year-over-year increase of +151.5$0.84, indicating a change of +76.6% from the previous year [3] - For the next fiscal year, the consensus earnings estimate is $8.33, representing a significant change of +1,092.4$3.72 billion, showing a year-over-year increase of +39.4% [5] - For the current fiscal year, the sales estimate is $12.81 billion, indicating a +4$17.91 billion, reflecting a +39.8% change [5] Recent Performance - In the last reported quarter, Western Digital achieved revenues of $3.46 billion, a year-over-year increase of +23.3$0.63, compared to -$1.37 a year ago, with a revenue surprise of +3.87% and an EPS surprise of +200% [6] Valuation - Western Digital is graded D in the Zacks Value Style Score, indicating it is trading at a premium compared to its peers [9] - Valuation multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) are essential for assessing whether the stock is fairly valued [7] Overall Outlook - The Zacks Rank 2 suggests that Western Digital may outperform the broader market in the near term, supported by strong earnings estimate revisions [4][10]