* Western Digital Corp reported quarterly adjusted earnings of 63 cents per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of $-1.37. The mean expectation of twenty one analysts for the quarter was for earnings of 21 cents per share. Wall Street expected results to range from 5 cents to 50 cents per share.
* Revenue rose 23.3% to $3.46 billion from a year ago; analysts expected $3.36 billion.
* Western Digital Corp's reported EPS for the quarter was 34 cents.
* The company reported quarterly net income of $113 million.
* Western Digital Corp shares had risen by 1.9% this quarter and gained 32.8% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 179.2% in the last three months.
* In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy," 7 "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 $84.00 This summary was machine generated from LSEG data April 25 at 11:54 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
Mar. 31 2024 0.21 0.63 Beat
Dec. 31 2023 -1.13 -0.69 Beat
Sep. 30 2023 -1.90 -1.76 Beat
Jun. 30 2023 -2.01 -1.98 Beat
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