What Analyst Projections for Key Metrics Reveal About Seagate (STX) Q3 Earnings

Zacks04-18

In its upcoming report, Seagate (STX) is predicted by Wall Street analysts to post quarterly earnings of $0.25 per share, reflecting an increase of 189.3% compared to the same period last year. ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2428933518?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/xMhOxlfdhVA7Ts3pP3IHyA--~B/aD02MzM7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/b369e357aa3d42cc28ac674490d4ae83","is_english":true,"pubTime":"2024-04-18 21:15","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2428933518","market":"us","top_or_hot":-1,"title":"What Analyst Projections for Key Metrics Reveal About Seagate (STX) Q3 Earnings","media":"Zacks","content":"<div>\n<p>In its upcoming report, Seagate (STX) is predicted by Wall Street analysts to post quarterly earnings of $0.25 per share, reflecting an increase of 189.3% compared to the same period last year. ...</p>\n\n<a href=\"https://finance.yahoo.com/news/analyst-projections-key-metrics-reveal-131522311.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What Analyst Projections for Key Metrics Reveal About Seagate (STX) Q3 Earnings</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat Analyst Projections for Key Metrics Reveal About Seagate (STX) Q3 Earnings\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-18 21:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/analyst-projections-key-metrics-reveal-131522311.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In its upcoming report, Seagate (STX) is predicted by Wall Street analysts to post quarterly earnings of $0.25 per share, reflecting an increase of 189.3% compared to the same period last year. ...</p>\n\n<a href=\"https://finance.yahoo.com/news/analyst-projections-key-metrics-reveal-131522311.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"STX","symbol_name":"希捷科技","start_time":0,"source_url":"https://finance.yahoo.com/news/analyst-projections-key-metrics-reveal-131522311.html","article_id":"2428933518","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/xMhOxlfdhVA7Ts3pP3IHyA--~B/aD02MzM7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/b369e357aa3d42cc28ac674490d4ae83"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2428933518","pubTimestamp":1713446122,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"In its upcoming report, Seagate  is predicted by Wall Street analysts to post quarterly earnings of $0.25 per share, reflecting an increase of 189.3% compared to the same period last year. Revenues are forecasted to be $1.65 billion, representing a year-over-year decrease of 11.6%.Over the last 30 days, there has been an upward revision of 11.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.While investors typically use consensus earnings and revenue estimates as indic","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"STX":"希捷科技"},"translate_title":"分析师对希捷（Seagate）第三季度收益关键指标的预测揭示了什么","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"STX":1},"content_text":"In its upcoming report, Seagate (STX) is predicted by Wall Street analysts to post quarterly earnings of $0.25 per share, reflecting an increase of 189.3% compared to the same period last year. Revenues are forecasted to be $1.65 billion, representing a year-over-year decrease of 11.6%.\nOver the last 30 days, there has been an upward revision of 11.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.\nBefore a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.\nWhile investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.\nThat said, let's delve into the average estimates of some Seagate metrics that Wall Street analysts commonly model and monitor.\nAnalysts expect 'Revenue by Product Line- HDD' to come in at $1.47 billion. The estimate indicates a year-over-year change of -8.4%.\nAnalysts predict that the 'Revenue by Product Line- Enterprise Data Solutions, SSD & Other' will reach $175.92 million. The estimate indicates a year-over-year change of -31.3%.\nThe combined assessment of analysts suggests that 'Capacity Shipped - Mass capacity' will likely reach 90.22 EB. Compared to the present estimate, the company reported 104.1 EB in the same quarter last year.\nThe collective assessment of analysts points to an estimated 'HDD Price per Terabyte' of $14.28. The estimate compares to the year-ago value of $14.\nAccording to the collective judgment of analysts, 'Capacity Shipped - Total' should come in at 101.93 EB. The estimate compares to the year-ago value of 118.7 EB.\nThe average prediction of analysts places 'Capacity Shipped - Legacy' at 11.72 EB. Compared to the present estimate, the company reported 14.6 EB in the same quarter last year.View all Key Company Metrics for Seagate here>>>Over the past month, Seagate shares have recorded returns of -3.7% versus the Zacks S&P 500 composite's -1.7% change. Based on its Zacks Rank #3 (Hold), STX will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nSeagate Technology Holdings PLC (STX) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2428933518"}