Western Digital Corporation (NASDAQ:WDC) manufacturer of data storage devices, is expected to report first quarter earnings results, after market close, on Wednesday 28th October 2020.
Analysts polled by Thomson Reuters anticipate first quarter income of $ 0.54 per share.
Looking ahead, the full year income are expected at $ 3.13 per share on the revenues of $ 15664.10 million.
The Company Outlook
Earnings for 1Q21 are anticipated in a range of $ 0.45 ~ $ 0.65 per share, while revenues are expected in a range of $ 3,700.00 million ~ $ 3,900.00 million
Click Here For More Historical Outlooks Of Western Digital Corporation
Previous Quarter Performance
Western Digital Corporation recorded income for the fourth quarter of $ 1.23 per share, from the revenue of $ 4,287.00 million. The consensus estimates are income of $ 1.21 per share from $ 4340.00 million in revenue. The bottom line results beat street analysts by $ 0.02 or 1.65 percent, at the same time, top line results fell short of analysts by $ 53 million or 1.22 percent.
Stock Performance
Shares of Western Digital Corporation traded low $ -0.18 or -0.43 percent on Tuesday, reaching $ 40.32 with volume of 4.00 million shares. Western Digital Corporation has traded high as $ 40.76 and has cracked $ 40.12 on the downward trend
According to the previous trading day, closing price of $ 40.32, representing a 47.81 % increase from the 52 week low of $ 27.40 and a 43.75 % decrease over the 52 week high of $ 72.00.
The company has a market capital of $ 12.27 billion and is part of the Technology sector and Data Storage industry.
Recent Analyst recommendations
- On 23rd September 2020, upgraded by Craig Hallum to Buy from Hold rating, with $ 62.00 target price.
- On 23rd September 2020, upgraded by Cleveland Research to Neutral from Underperform rating.
Conference Call
Western Digital Corporation will be hosting a conference call at 4:30 PM eastern time on 28th October 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.wdc.com
Western Digital Corporation develops, manufactures, and sells data storage devices and solutions worldwide. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for computing devices, such as desktop and notebook PCs, security surveillance systems, gaming consoles, and set top boxes; flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, IoT, industrial, and connected home applications; flash-based memory wafers; and embedded storage solutions and iNAND embedded flash products, such as multi-chip package solutions. The company also provides data center devices and solutions comprising enterprise helium hard drives; enterprise SSDs consisting of flash-based SSDs and software solutions for use in enterprise servers, online transactions, data analysis, and other enterprise applications; data center solutions, including HDDs and drive configurations for use in data storage systems and tiered storage models; system solutions that offer petabyte scalable capacity; and data storage platforms and systems.
