Seagate Technology.: Here’s What Investors Need to Know Before Earnings
Seagate Technology. (NASDAQ:STX) will report earnings before markets open on Wednesday, July 24th. Seagate Technology PLC designs, manufactures, and markets rigid disc drives for enterprise, personal computer, and consumer electronics applications.
Here is your Cheat Sheet to Seagate Technology. Earnings:
Earnings Expectations: Analysts expect earnings of $1.18 per share on revenues of $3.42 billion. Currently, the company’s P/E ratio stands at 7.41.
Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.31 to a profit $1.32. For the current year, the average estimate is a profit of $5.29, which is better than the estimate ninety days ago.
Here’s how Seagate Technology. has been performing on an annual basis:
|Revenue ($) in millions||9,805||11,395||10,971||14,939|
|Diluted EPS ($)||-6.32||3.14||1.09||6.49|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012||Mar. 31, 2013|
|Revenue ($) in millions||4,482.00||3,732.00||3,668.00||3,526.00|
|Diluted EPS ($)||2.37||1.42||1.30||1.13|
Seagate Technology. has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)