Western Digital Earnings Preview: Can This Streak Continue?

Western Digital (NYSE:WDC) will report earnings after markets close on Wednesday, July 24th. Western Digital Corporation designs and manufactures hard drives for desktop computers and home entertainment applications.

Here is your Cheat Sheet to Western Digital Earnings:

Earnings Expectations: Analysts expect earnings of $1.79 per share on revenues of $3.62 billion. Currently, the company’s P/E ratio stands at 8.64.

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 $1.98 to a profit $2.05. For the current year, the average estimate is a profit of $8.33, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how Western Digital has been performing on an annual basis:

Fiscal Year 2009 2010 2011 2012
Revenue ($) in millions 7,453 9,850 9,526 12,478
Diluted EPS ($) 2.08 5.93 3.09 6.58

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 ($) in millions 4,754.00 4,035.00 3,824.00 3,764.00
Diluted EPS ($) 2.87 2.06 1.36 1.60

Past Performance:
Western Digital has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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