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High Expectations for Western Digital and Seagate in Fiscal 4Q17

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Part 3
High Expectations for Western Digital and Seagate in Fiscal 4Q17 PART 3 OF 7

What Seagate Analysts Expect for Fiscal 4Q17

STX’s revenue in fiscal 4Q17

Seagate (STX) will be announcing its fiscal 4Q17 results on July 25, 2017. Analysts expect Seagate to post revenues of ~$2.6 billion, with a high estimate of $2.65 billion and a low estimate of $2.51 billion for the quarter ended June 2017.

If Seagate meets its revenue estimate of ~$2.6 billion in fiscal 4Q17, it would mean a YoY (year-over-year) fall of 3.3% from fiscal 4Q16.

What Seagate Analysts Expect for Fiscal 4Q17

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Analysts expect the firm to post EPS (earnings per share) of $0.99 in fiscal 4Q17, with a low estimate of $0.89 and a high estimate of $1.07. In fiscal 4Q16, Seagate reported EPS of $0.69, which indicates that analysts expect the firm’s EPS to rise 43.5% YoY in fiscal 4Q17.

Like Western Digital (WDC), Seagate has beaten its EPS estimates for the past four quarters. Seagate beat its EPS estimate by 2.8% in fiscal 3Q17, when the firm announced EPS of $1.1. The firm also beat its EPS estimates by 27.8%, 10%, and 15% in fiscal 2Q17, fiscal 1Q17, and fiscal 4Q16, respectively.

How did Seagate perform in fiscal 3Q17?

In fiscal 3Q17, Seagate reported revenue of $2.67 billion, with a gross margin of 30.5% and non-GAAP (generally accepted accounting principles) EPS of $1.1. Analysts expected the firm to post revenue of $2.71 billion, with EPS of $1.07 in fiscal 3Q17.

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