Western Digital Expects Q3 Revenue Of $3.20B-$3.40B (Est. $3.104B), Adj. EPS Of $(0.10)-$0.20 (Est. $(0.42))
Portfolio Pulse from Benzinga Newsdesk
Western Digital anticipates Q3 revenue to be between $3.20B and $3.40B, surpassing the estimated $3.104B. The company also forecasts an adjusted EPS ranging from a loss of $0.10 to a profit of $0.20, which is better than the estimated loss of $0.42.
January 25, 2024 | 9:13 pm
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POSITIVE IMPACT
Western Digital's Q3 revenue forecast of $3.20B-$3.40B exceeds analysts' expectations of $3.104B. Adjusted EPS is also projected to be better than expected, with a potential profit instead of the anticipated loss.
The positive revenue and EPS guidance provided by Western Digital is likely to instill confidence in investors and could lead to a short-term increase in the stock price. The guidance significantly surpasses the analysts' estimates, which typically serves as a bullish signal for the stock's performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100