We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Western Digital (WDC) Stock Dips While Market Gains: Key Facts
Read MoreHide Full Article
Western Digital (WDC - Free Report) closed the most recent trading day at $513.84, moving -8.78% from the previous trading session. This move lagged the S&P 500's daily gain of 0.38%. Meanwhile, the Dow gained 0.29%, and the Nasdaq, a tech-heavy index, added 0.62%.
Heading into today, shares of the maker of hard drives for businesses and personal computers had lost 17.29% over the past month, lagging the Computer and Technology sector's loss of 0.53% and the S&P 500's gain of 1.61%.
The investment community will be closely monitoring the performance of Western Digital in its forthcoming earnings report. The company is scheduled to release its earnings on August 5, 2026. The company is forecasted to report an EPS of $3.34, showcasing a 101.2% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $3.7 billion, showing a 42.21% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $10.06 per share and a revenue of $12.88 billion, indicating changes of +104.06% and -3.02%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Western Digital. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.38% higher. Right now, Western Digital possesses a Zacks Rank of #1 (Strong Buy).
Looking at valuation, Western Digital is presently trading at a Forward P/E ratio of 30.22. This valuation marks a premium compared to its industry average Forward P/E of 15.77.
The Computer- Storage Devices industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 24, positioning it in the top 10% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
Western Digital (WDC) Stock Dips While Market Gains: Key Facts
Western Digital (WDC - Free Report) closed the most recent trading day at $513.84, moving -8.78% from the previous trading session. This move lagged the S&P 500's daily gain of 0.38%. Meanwhile, the Dow gained 0.29%, and the Nasdaq, a tech-heavy index, added 0.62%.
Heading into today, shares of the maker of hard drives for businesses and personal computers had lost 17.29% over the past month, lagging the Computer and Technology sector's loss of 0.53% and the S&P 500's gain of 1.61%.
The investment community will be closely monitoring the performance of Western Digital in its forthcoming earnings report. The company is scheduled to release its earnings on August 5, 2026. The company is forecasted to report an EPS of $3.34, showcasing a 101.2% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $3.7 billion, showing a 42.21% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $10.06 per share and a revenue of $12.88 billion, indicating changes of +104.06% and -3.02%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Western Digital. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.38% higher. Right now, Western Digital possesses a Zacks Rank of #1 (Strong Buy).
Looking at valuation, Western Digital is presently trading at a Forward P/E ratio of 30.22. This valuation marks a premium compared to its industry average Forward P/E of 15.77.
The Computer- Storage Devices industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 24, positioning it in the top 10% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.