2 Companies Seeing Share Interest Rise Before Earnings

Western Digital Corp. (NYSE:WDC) will unveil its latest earnings on Monday, January 23, 2012. The average estimate of analysts is for net income of 71 cents per share, a decline of 26% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.05. Between one and three months ago, the average estimate moved down. It has risen from 56 cents during the last month. For the year, analysts are projecting profit of $4.19 per share, a rise of 33.9% from last year.

Last quarter, the company topped estimates by 0 cents, coming in at net income of $1.10 per share against a mean estimate of profit of 95 cents. The company fell in line with estimates in the fourth quarter of the last fiscal year. On average, analysts predict $1.84 billion in revenue this quarter, a decline of 25.8% from the year ago quarter. Analysts are forecasting total revenue of $9.27 billion for the year, a decline of 2.7% from last year’s revenue of $9.53 billion.

Competitors to Watch: Seagate Technology PLC (NASDAQ:STX), EMC Corporation (NYSE:EMC), STEC, Inc. (NASDAQ:STEC), SanDisk Corporation (NASDAQ:SNDK), Dot Hill Systems Corp. (NASDAQ:HILL), Overland Storage, Inc. (NASDAQ:OVRL), Hutchinson Technology Inc. (NASDAQ:HTCH), Quantum Corporation (NYSE:QTM), ADPT Corporation (ADPT), and OCZ Technology Group Inc. (NASDAQ:OCZ).

PetMed Express, Inc. (NASDAQ:PETS) will unveil its latest earnings on Monday, January 23, 2012. The average estimate of analysts is for profit of 16 cents per share, a decline of 20% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 15 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 16 cents during the last month. For the year, analysts are projecting net income of 75 cents per share, a decline of 18.5% from last year.

The company beat estimates last quarter after falling short in the prior two. In the second quarter, the company reported profit of 19 cents per share versus a mean estimate of net income of 14 cents per share. In the first quarter, the company missed estimates by 2 cents. On average, analysts predict $44.8 million in revenue this quarter, a decline of 0.8% from the year ago quarter. Analysts are forecasting total revenue of $226.2 million for the year, a decline of 2.4% from last year’s revenue of $231.6 million.

Competitors to Watch: Rite Aid Corporation (NYSE:RAD), Walgreen Company (NYSE:WAG), drugstore.com, inc. (NASDAQ:DSCM), China Nepstar Chain Drugstore Ltd. (NYSE:NPD), Graymark Healthcare Inc (NASDAQ:GRMH), CVS Caremark Corporation (NYSE:CVS), PetSmart, Inc (NASDAQ:PETM), Wal-Mart (NYSE:WMT) and Target (NYSE:TGT).