Western Digital EPS Estimates Soar 23.5% to $2.34, Shares Up 27.1%
Analysts raised Western Digital’s Q4 EPS estimate by 23.5% to $2.34, a 72.1% year-over-year gain, and lifted fiscal-year EPS to $8.96 (+81.7%). Shares have gained 27.1% in the past month versus a 29.4% industry rise, while a Zacks Rank #1 status and a D valuation grade signal strong momentum.
1. Analysts Boost EPS Forecasts
Analysts have raised Western Digital’s EPS estimate for the current quarter by 23.5% to $2.34, reflecting a 72.1% increase year-over-year. They also lifted the fiscal-year EPS forecast to $8.96 (+81.7%) and project next fiscal year EPS of $15.19 (+69.6%).
2. Share Performance Trends
Western Digital shares have gained 27.1% over the past month, slightly trailing the Computer-Storage Devices industry’s 29.4% advance as investors digest upgraded earnings outlooks.
3. Revenue Projections
Consensus sales estimates for the current quarter stand at $3.23 billion (+40.7% year-over-year), while fiscal-year sales are forecast at $12.44 billion (–6.3%) before rising to $15.82 billion (+27.2%) next year.
4. Valuation and Buy Rating
A Strong Buy ranking is supported by four consecutive quarters of upside earnings surprises, but a D valuation grade indicates the stock trades at a premium relative to peers.