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Western Digital (WDC) Dips More Than Broader Market: What You Should Know
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Western Digital (WDC - Free Report) ended the recent trading session at $333.24, demonstrating a -6.51% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 1.09% for the day. At the same time, the Dow lost 0.34%, and the tech-heavy Nasdaq lost 2.15%.
The stock of maker of hard drives for businesses and personal computers has fallen by 15.91% in the past month, lagging the Computer and Technology sector's gain of 1.99% and the S&P 500's gain of 2.44%.
Market participants will be closely following the financial results of Western Digital in its upcoming release. The company plans to announce its earnings on October 22, 2026. The company is expected to report EPS of $4.07, up 128.65% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $4.16 billion, up 47.45% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $20.03 per share and a revenue of $18.78 billion, representing changes of +95.99% and +45.39%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Western Digital. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. At present, Western Digital boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Western Digital is currently trading at a Forward P/E ratio of 17.79. This valuation marks a premium compared to its industry average Forward P/E of 11.55.
Also, we should mention that WDC has a PEG ratio of 1.48. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Computer- Storage Devices industry held an average PEG ratio of 1.48.
The Computer- Storage Devices industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 35, which puts it in the top 15% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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Western Digital (WDC) Dips More Than Broader Market: What You Should Know
Western Digital (WDC - Free Report) ended the recent trading session at $333.24, demonstrating a -6.51% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 1.09% for the day. At the same time, the Dow lost 0.34%, and the tech-heavy Nasdaq lost 2.15%.
The stock of maker of hard drives for businesses and personal computers has fallen by 15.91% in the past month, lagging the Computer and Technology sector's gain of 1.99% and the S&P 500's gain of 2.44%.
Market participants will be closely following the financial results of Western Digital in its upcoming release. The company plans to announce its earnings on October 22, 2026. The company is expected to report EPS of $4.07, up 128.65% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $4.16 billion, up 47.45% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $20.03 per share and a revenue of $18.78 billion, representing changes of +95.99% and +45.39%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Western Digital. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. At present, Western Digital boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Western Digital is currently trading at a Forward P/E ratio of 17.79. This valuation marks a premium compared to its industry average Forward P/E of 11.55.
Also, we should mention that WDC has a PEG ratio of 1.48. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Computer- Storage Devices industry held an average PEG ratio of 1.48.
The Computer- Storage Devices industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 35, which puts it in the top 15% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.