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.

Analyst Trends:

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.

Earnings Trends:

Here’s how Seagate Technology. has been performing on an annual basis:

Fiscal Year 2009 2010 2011 2012
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

Past Performance:
Seagate Technology. has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)