Earnings Preview: Western Digital
Portfolio Pulse from Benzinga Insights
Western Digital (NASDAQ:WDC) is expected to release its quarterly earnings report on January 25, 2024, with an anticipated EPS of $-1.14. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, WDC's stock price has shown varied reactions to past earnings performances, with a 3.95% drop after last quarter's beat. The stock has risen 32.88% over the past 52 weeks, trading at $57.73 as of January 23.
January 24, 2024 | 9:00 pm
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NEUTRAL IMPACT
Western Digital is anticipated to report a quarterly EPS of $-1.14 and investors are hopeful for a beat and positive future guidance. The stock has increased by 32.88% over the last year.
The expected EPS of $-1.14 sets a cautious tone, but investors may be optimistic due to the stock's 32.88% increase over the past year. The company's past earnings performance and subsequent stock reactions suggest that the actual earnings result and forward guidance will be key drivers for the stock's short-term movement. However, given the mixed historical price changes post-earnings, the score remains neutral.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100