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High Expectations for Western Digital and Seagate in Fiscal 4Q17

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High Expectations for Western Digital and Seagate in Fiscal 4Q17 PART 1 OF 7

What Western Digital Analysts Expect for Fiscal 4Q17

Western Digital’s 4Q17 earnings

US-Based (SPY) storage technology (QQQ) firm Western Digital (WDC) will be announcing its fiscal 4Q17 results on July 27, 2017. Analysts expect Western Digital to post revenue of $4.81 billion, with a high estimate of $4.85 billion and a low estimate of $4.79 billion for the quarter ended June 2017.

If Western Digital meets the analyst revenue estimate of $4.81 billion, it will mean a YoY (year-over-year) rise of 37.7% over fiscal 4Q16.

What Western Digital Analysts Expect for Fiscal 4Q17

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Western Digital’s EPS (earnings per share) are expected to be $2.79, with a low EPS estimate of $2.57 and a high estimate of $2.86. Western Digital has beaten the analyst EPS estimates for the last four consecutive quarters.

In fiscal 3Q17, WDC beat its EPS estimate by 11.7% when the firm announced EPS of $2.39. WDC also beat the analyst estimate by 8.5%, 48.1%, and 11.3% in fiscal 2Q17, fiscal 1Q17, and fiscal 4Q16, respectively.

Performance in fiscal 3Q17

In fiscal 3Q17 Western Digital reported revenues of $4.6 billion, with EPS of $2.39. Analysts expected the firm to post revenue of $4.6 billion, with EPS of $2.13.

Notably, Western Digital acquired SanDisk last year and has consistently beaten market estimates since closing the acquisition.

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