Weste
Western Digital (WDC) closed at $68.26 within the newest buying and selling session, marking a -0.6% transfer from the prior day. This modification lagged the S&P 500’s 0.39% acquire on the day. Elsewhere, the Dow gained 0.17%, whereas the tech-heavy Nasdaq added 0.34%.
Coming into at the moment, shares of the maker of laborious drives for companies and private computer systems had gained 16.84% prior to now month. In that very same time, the Pc and Know-how sector gained 6.58%, whereas the S&P 500 gained 4.73%.
Wall Road can be searching for positivity from WDC because it approaches its subsequent earnings report date. That is anticipated to be January 30, 2020. The corporate is predicted to report EPS of $0.56, down 61.38% from the prior-year quarter. In the meantime, our newest consensus estimate is looking for income of $4.21 billion, down 0.46% from the prior-year quarter.
WDC’s full-year Zacks Consensus Estimates are calling for earnings of $2.56 per share and income of $16.62 billion. These outcomes would signify year-over-year adjustments of -47.11% and +0.29%, respectively.
…