Western Digital Corp reports results for the quarter ended December 31 - Earnings Summary

Western Digital

29/01/2025 22:02

* Western Digital Corp  WDC.OQ  reported quarterly adjusted
earnings of $1.77​​ per share for the quarter ended December 31,
higher than the same quarter last year, when the company
reported EPS of -69 cents.  The mean expectation of twenty
one analysts for the quarter was for earnings of $1.78 per
share. Wall Street expected results to range from $1.71 
to $1.92 per share.
    * Revenue rose 41.3% to $4.29 billion from a year ago;
analysts
expected $4.26 billion. 
    * Western Digital Corp's reported EPS for the quarter was
$1.63​.
    * The company reported quarterly net income of $581 million.
    * Western Digital Corp shares had risen by 5.4% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.7%
in the last three months.​ 
    * In the last 30 days, fourteen analysts negatively revised
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 19 "strong buy" or "buy," 8
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the computer
hardware
peer group is also "buy"

Wall Street's median 12-month price target for Western Digital
Corp is $84.50 
This summary was machine generated from LSEG data January 29 at
10:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      1.78           1.77           Missed
 Sep. 30 2024      1.72           1.78           Beat
 Jun. 30 2024      1.17           1.44           Beat
 Mar. 31 2024      0.21           0.63           Beat