uploads///

What Seagate Analysts Expect for Fiscal 4Q17

By

Dec. 4 2020, Updated 10:52 a.m. ET

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.

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.

Article continues below advertisement

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.

Advertisement

More From Market Realist

  • Honeywell sign
    Earnings Report
    CNBC Pro Stocks to Buy Before Q1 Earnings
  • Men walking by Morgan Stanley headquarters
    Financials
    Morgan Stanley’s (MS) Stock Forecast Before Q1 Earnings
  • Carnival cruise ship sailing
    Consumer
    Carnival's (CCL) Stock Forecast Before Q1 Business Update
  • GameStop store
    Consumer
    GME's Earnings Are Coming: Will It Be Mayday for Shorts or WallStreetBets?
  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market Realist Logo
Do Not Sell My Personal Information

© Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.