Western Digital Corporation (NASDAQ:WDC) most recently reported quarterly actual earnings per share of $0.79 for the period ending on 2016-06-30. Prior to the company reporting, consensus estimates based on data from Zacks Research projected the company to report EPS of $0.72. The difference between the estimate and the actual EPS was $0.07 creating a surprise factor of 9.72%. Currently, the company has an impact score of 91. The likelihood that the stock will move on news is greater with a higher impact score. According to Beta Research, the stock has a sentiment score of 0.31. On a scale between 1 and -1, a positive score tends to portray a favorable view of company results by news outlets. The opposite is true for a negative sentiment score.
In taking a look at where the stock might be headed, analysts have a consensus price target of $62.841 on the shares. The most bullish brokerage firm has a $97 target, while the most bearish sees the stock headed towards $38. This is according to the 17 estimates taken into consideration by Zacks Research.
In terms of Buy/Sell recommendations, analysts have a consensus rating of 1.55. This is according to a simplified scale where 1 represents a Strong Buy and 5 a Strong Sell recommendation. There were 17 recommendations taking into account in order to arrive at this number. Of the 17, 16 have a Strong Buy rating and 1 are rating it a Buy.
Western Digital Corporation (Western Digital) is a developer and manufacturer of storage solutions, which enables people to create, manage, experience and preserve digital content. The Company designs and makes storage devices and home entertainment products under the HGST, WD and G-Technology brands. The Company’s principal products are hard drives that use one or more rotating magnetic disks (magnetic media) to store and allow fast access to data. Hard drives are primary storage medium for digital content. The Company operates its global business through two independent subsidiaries: Hitachi Global Storage Technologies Holdings Pte. Ltd. (HGST) and Western Digital Corporation (WD). In September 2013, the Company announced that it has completed the acquisition of sTec, Inc. In October 2013, Western Digital Corporation completed the acquisition of Virident Systems, Inc.
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