Western Digital Corp reports results for the quarter ended September 30 - Earnings Summary

• Western Digital Corp reported quarterly adjusted earnings of $4.64​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $1.78. The mean expectation of twenty one analysts for the quarter was for earnings of $4.09 per share. Wall Street expected results to range from $3.90 to $4.40 per share.

• Revenue rose 55.5% to $4.38 billion from a year ago; analysts expected $4.14 billion.

• Western Digital Corp's reported EPS for the quarter was $4.63​.

• The company reported quarterly net income of $1.78 billion.

• Western Digital Corp shares had fallen by 16.7% this quarter and gained 119.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 8.3% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy," 7 "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 $625.00, about 39.4% above its last closing price of $378.51

This summary was machine generated from LSEG data October 22 at 09:01 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)