A Look Ahead: Western Digital's Earnings Forecast
Portfolio Pulse from Benzinga Insights
Western Digital is set to announce its quarterly earnings on October 24, 2024, with analysts estimating an EPS of $1.72. Despite a previous EPS beat, the stock dropped 9.72% the next day. Analysts rate WDC as a 'Buy' with a price target of $89.33, indicating a 31.83% upside. The company shows strong revenue growth but faces challenges in profitability metrics compared to peers.
October 23, 2024 | 4:01 pm
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Western Digital is expected to report an EPS of $1.72. Despite a previous EPS beat, the stock fell 9.72%. Analysts rate it as a 'Buy' with a price target of $89.33, suggesting a 31.83% upside. The company's revenue growth is strong, but profitability metrics lag behind peers.
Western Digital's upcoming earnings report is highly anticipated, with analysts expecting a positive EPS. Despite a past EPS beat, the stock experienced a significant drop, indicating market volatility. The 'Buy' rating and substantial price target suggest optimism, but the company's profitability challenges compared to peers may temper expectations.
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