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Benzinga
112 days

Western Digital Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

1. WDC's Q3 earnings expected at $1.11 per share, up from last year. 2. Projected quarterly revenue is $2.48 billion, down from $3.46 billion. 3. Analyst ratings reflect mixed sentiments; price targets significantly lowered. 4. Stock fell 0.7% to $40.62 prior to earnings announcement. 5. Separation of Sandisk flash business completed in February.

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FAQ

Why Bearish?

Despite an earnings increase, a revenue drop of nearly $1 billion is concerning. Mixed analyst ratings and substantial price target reductions signal a lack of confidence.

How important is it?

The earnings report is pivotal for WDC’s valuation; significant revenue drops and mixed analyst sentiments amplify its importance.

Why Short Term?

The upcoming earnings report will likely influence WDC's stock price in the short term. Immediate market reactions to the Q3 report will set a precedent for future performance.

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