Western Digital Corp reports results for the quarter ended December 31 - Earnings Summary

• Western Digital Corp WDC.OQ reported quarterly adjusted earnings of $1.77​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -69 cents. The mean expectation of twenty one analysts for the quarter was for earnings of $1.78 per share. Wall Street expected results to range from $1.71 to $1.92 per share.

• Revenue rose 41.3% to $4.29 billion from a year ago; analysts expected $4.26 billion.

• Western Digital Corp's reported EPS for the quarter was $1.63​.

• The company reported quarterly net income of $581 million.

• Western Digital Corp shares had risen by 5.4% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 6.7% in the last three months.​

• In the last 30 days, fourteen analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy," 8 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the computer hardware peer group is also "buy"

Wall Street's median 12-month price target for Western Digital Corp is $84.50

This summary was machine generated from LSEG data January 29 at 10:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)