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What Do Analysts Expect from Western Digital in Q1 2019?

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Revenues of $5.14 billion

On October 25, Western Digital (WDC) plans to announce its earnings for the first quarter of fiscal 2019, which ended on September 28. Analysts expect the company to report revenues of $5.14 billion, compared to $5.18 billion in the first quarter of fiscal 2018. This trend indicates a year-over-year decline of 0.8%. 

The stock prices of Micron Technology (MU), Seagate Technology (STX), and Intel (INTC) are expected to increase 19.0%, 13.0%, and 12.0%, respectively, in their current quarters. Western Digital expects its non-GAAP EPS to fall 14.6% year-over-year to $3.04 from $3.56 in the first quarter of fiscal 2018. Analysts have a low EPS estimate of $2.65 and a high EPS estimate of $3.13 for WDC in the first quarter of fiscal 2019.

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WDC beat estimates in each of the last four quarters

As you can see in the chart above, Western Digital (WDC) has exceeded the average analyst earnings and revenue estimates in each of the last four quarters. It reported EPS of $3.61 in the fourth quarter of fiscal 2018, a 3.4% increase from the estimate of $3.49.

Western Digital’s earnings per share in the third quarter of fiscal 2018 reached $3.63—10.0% higher than its EPS estimate of $3.30. In the second quarter of fiscal 2018, its earnings per share of $3.95 beat the estimate of $3.79 for an increase of 4.2%. It beat the average analyst earnings estimate of $3.30 by 7.9% in the first quarter of fiscal 2018.

In this series, we’ll look at WDC’s estimated revenue growth in 2019 and beyond. We’ll also look at its valuations and other important metrics.

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