Earnings Preview For Seagate Tech Hldgs
Portfolio Pulse from Benzinga Insights
Seagate Tech Hldgs (NASDAQ:STX) is set to release its quarterly earnings report on Wednesday, 2023-07-26. Analysts estimate an EPS of $-0.24. The company's past performance shows a trend of missing EPS estimates and subsequent share price drops. The shares are currently trading at $59.28 and have seen a 25.03% decrease over the last 52-week period.
July 25, 2023 | 2:02 pm
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Seagate Tech Hldgs is expected to report an EPS of $-0.24. The company's shares have been on a downward trend, decreasing by 25.03% over the last 52 weeks.
Given the company's history of missing EPS estimates and the subsequent negative impact on the share price, it is likely that the upcoming earnings report could further negatively impact the share price, especially if the company fails to meet the EPS estimate again. The overall downward trend of the shares also indicates a bearish sentiment among investors.
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