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Saturday, August 17, 2019

What do Analysts suggest for: Western Digital Corporation (NASDAQ:WDC)

Western Digital Corporation (NASDAQ:WDC) will report its next earnings on Jan 26 – Jan 30 (Est.)
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The company reported the earnings of $1.54/Share in the last quarter where the estimated EPS by analysts was $1.04/share. The difference between the expected and actual EPS was $0.5/share, which represents an Earnings surprise of 48.1%.

Many analysts are providing their Estimated Earnings analysis for Western Digital Corporation and for the current quarter 23 analysts have projected that the stock could give an Average Earnings estimate of $2.11/share. These analysts have also projected a Low Estimate of $2.09/share and a High Estimate of $2.15/share.

In case of Revenue Estimates, 25 analysts have provided their consensus Average Revenue Estimates for Western Digital Corporation as 4.76 Billion. According to these analysts, the Low Revenue Estimate for Western Digital Corporation is 4.74 Billion and the High Revenue Estimate is 4.84 Billion. The company had Year Ago Sales of 3.32 Billion.

These analysts also forecasted Growth Estimates for the Current Quarter for WDC to be 31.9%. They are projecting Next Quarter growth of 37.2%. For the next 5 years, Western Digital Corporation is expecting Growth of 2% per annum, whereas in the past 5 years the growth was -10.1% per annum.

Some buy side analysts are also providing their Analysis on Western Digital Corporation, where 11 analysts have rated the stock as Strong buy, 13 analysts have given a Buy signal, 9 said it’s a HOLD, 1 reported it as Underperform and 0 analysts rated the stock as Sell. (These Recommendations are for the Current Month Only reported by Yahoo Finance.)

When it comes to the Analysis of a Stock, Price Target plays a vital role. 29 Analysts reported that the Price Target for Western Digital Corporation might touch $100 high while the Average Price Target and Low price Target is $77.2 and $61.8 respectively.

To analyze a stock, one should look for Upgrades and Downgrades of a stock. Western Digital Corporation got Upgrade on 20-Dec-16 where investment firm Goldman Upgrade the stock from Sell to Neutral.

Western Digital Corporation closed its last trading session at $69.22 with the gain of 1.4%. The Market Capitalization of the company stands at 20.25 Billion. The Company has 52-week high of $72.01 and 52-week low of $34.99. The stock’s current distance from 20-Day Simple Moving Average (SMA20) is 7.14% where SMA50 and SMA200 are 16.33% and 40.03% respectively. The Company Touched its 52-Week High on Dec 22, 2016 and 52-Week Low on May 16, 2016.

The Relative Volume of the company is 1.18 and Average Volume (3 months) is 4.63 million. Western Digital Corporation P/E (price to earnings) ratio is 0 and Forward P/E ratio of 8.5.

The company shows its Return on Assets (ROA) value of -1.8%. The Return on Equity (ROE) value stands at -4%. While it’s Return on Investment (ROI) value is 2%.

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