Western Digital ended its latest session at $462.56, up 1.78% and ahead of the S&P 500's 0.2% gain, as investors looked toward an earnings report projected to show earnings of $4.07 per share, a 128.65% year-over-year increase, on quarterly revenue of $4.16 billion, up 47.45%. For the full year, the Zacks Consensus Estimates project earnings of $20.03 per share and revenue of $18.78 billion, representing changes of +95.99% and +45.39% from the prior year. The Zacks Consensus EPS estimate has remained unchanged over the last 30 days, and Western Digital currently carries a Zacks Rank of #2 (Buy). The stock trades at a Forward P/E ratio of 22.69, a premium to the industry average of 10.65, and a PEG ratio of 1.89 versus the Computer-Storage Devices industry average of 1.41. The Computer-Storage Devices industry, part of the Computer and Technology sector, currently holds a Zacks Industry Rank of 18, placing it within the top 8% of more than 250 industries.
Western Digital CorporationEarnings preview projects 128.65% EPS growth and 47.45% revenue growth, with a Zacks Rank #2 (Buy).
