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What Do Analysts Expect from Western Digital’s Fiscal 4Q16 Earnings?

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Jul. 20 2016, Published 3:01 p.m. ET

Western Digital’s 4Q16 earnings

US-based (SPY) Western Digital (WDC) will be announcing its fiscal 4Q16 results on July 28, 2016. Analysts estimate the firm to post revenues of $3.44 billion for the quarter ended June 2016, with a low estimate of $3.38 billion and a high estimate of $3.47 billion.

EPS (earnings per share) are estimated to be $0.70, with a high estimate of $0.72 and a low estimate of $0.66. If WDC meets the analyst revenue estimate of $3.44 billion, it will mean a YoY (year-over-year) increase of 7.7% over fiscal 4Q15.

As shown in the above chart, WDC beat the analyst EPS estimate in fiscal 4Q15 by 32.5%, when the firm announced EPS of $1.51. WDC beat the analyst EPS estimate in fiscal 2Q16 by 3.9%, but the company posted EPS of $1.21 in fiscal 3Q16, which was lower than the analyst estimate by 5.5%.

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Disappointing fiscal 3Q16 results

In April 2016, Western Digital announced its fiscal 3Q16 results. It reported revenues of $2.8 billion and net income of $74 million. In fiscal 3Q15, WDC reported revenues of $3.5 billion and net income of $384 million, with EPS of $1.63. This indicates a 20% fall in revenues and a massive 81% drop in net income.

Western Digital is a leading manufacturer of storage solutions that enables customers to create, manage, and preserve digital content. It has a market cap of ~$12.1 billion. Its competitors include Seagate (STX), Pure Storage (PSTG), and NetApp (NTAP), which have market caps of ~$8.9 billion, ~$2.3 billion, and ~$7.2 billion, respectively.

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