A Preview Of Seagate Tech Hldgs's Earnings
Portfolio Pulse from Benzinga Insights
Seagate Tech Hldgs (NASDAQ:STX) is scheduled to release its quarterly earnings report on January 24, 2024. Analysts predict an EPS of $-0.07. Investors are looking for an earnings beat and positive guidance for the next quarter. In the past, stock price reactions have varied post-earnings, with the last quarter showing a 3.58% increase despite an EPS miss. Over the last year, STX shares have risen by 39.92%, trading at $87.1 as of January 19.

January 23, 2024 | 2:01 pm
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NEUTRAL IMPACT
Seagate Tech Hldgs is expected to report an EPS of $-0.07 for the upcoming earnings. Positive guidance and an earnings beat could boost the stock, while a miss could lead to a decline.
The short-term impact on STX stock will depend on whether the company beats or misses EPS estimates and the nature of the guidance provided. Historically, the stock has shown both positive and negative reactions to past earnings, indicating a mixed impact potential. The recent upward trend in the stock price may contribute to investor optimism, but the actual earnings result and forward-looking statements will be key drivers of short-term price movement.
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IMPORTANCE 80
RELEVANCE 100