Seagate Technology Sees Q1 2024 Revenue $1.55B +/- $150M Vs $1.74B Est; Sees Adj. EPS $(0.16) +/- $0.20 Vs $0.07 Est
Portfolio Pulse from Benzinga Newsdesk
Seagate Technology has projected its Q1 2024 revenue to be around $1.55B, which is lower than the estimated $1.74B. The company also expects its adjusted EPS to be around $(0.16), which is lower than the estimated $0.07.
July 26, 2023 | 8:11 pm
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NEGATIVE IMPACT
Seagate Technology's lower than expected Q1 2024 revenue and adjusted EPS projections may negatively impact its stock price.
Seagate Technology's projected revenue and adjusted EPS for Q1 2024 are both lower than the estimates. This indicates that the company may not perform as well as expected, which could lead to a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100