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Seagate (STX) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
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For the quarter ended June 2024, Seagate (STX - Free Report) reported revenue of $1.89 billion, up 17.8% over the same period last year. EPS came in at $1.05, compared to -$0.18 in the year-ago quarter.
The reported revenue represents a surprise of +1.50% over the Zacks Consensus Estimate of $1.86 billion. With the consensus EPS estimate being $0.75, the EPS surprise was +40.00%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Seagate performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Capacity Shipped - Mass capacity: 103.9 EB compared to the 100.16 EB average estimate based on two analysts.
Capacity Shipped - Total: 114.2 EB versus the two-analyst average estimate of 110.58 EB.
Capacity Shipped - Legacy: 10.3 EB versus the two-analyst average estimate of 10.42 EB.
Revenue by Product Line- HDD: $1.73 billion versus the three-analyst average estimate of $1.68 billion. The reported number represents a year-over-year change of +24.7%.
Revenue by Product Line- Enterprise Data Solutions, SSD & Other: $160 million compared to the $178.66 million average estimate based on three analysts. The reported number represents a change of -26.6% year over year.
Revenue by Product Line- HDD- Mass Capacity: $1.44 billion versus $1.38 billion estimated by two analysts on average.
Revenue by Product Line- HDD- Legacy: $290 million compared to the $296.84 million average estimate based on two analysts.
Shares of Seagate have returned +2.8% over the past month versus the Zacks S&P 500 composite's +2% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
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Seagate (STX) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended June 2024, Seagate (STX - Free Report) reported revenue of $1.89 billion, up 17.8% over the same period last year. EPS came in at $1.05, compared to -$0.18 in the year-ago quarter.
The reported revenue represents a surprise of +1.50% over the Zacks Consensus Estimate of $1.86 billion. With the consensus EPS estimate being $0.75, the EPS surprise was +40.00%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Seagate performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Capacity Shipped - Mass capacity: 103.9 EB compared to the 100.16 EB average estimate based on two analysts.
- Capacity Shipped - Total: 114.2 EB versus the two-analyst average estimate of 110.58 EB.
- Capacity Shipped - Legacy: 10.3 EB versus the two-analyst average estimate of 10.42 EB.
- Revenue by Product Line- HDD: $1.73 billion versus the three-analyst average estimate of $1.68 billion. The reported number represents a year-over-year change of +24.7%.
- Revenue by Product Line- Enterprise Data Solutions, SSD & Other: $160 million compared to the $178.66 million average estimate based on three analysts. The reported number represents a change of -26.6% year over year.
- Revenue by Product Line- HDD- Mass Capacity: $1.44 billion versus $1.38 billion estimated by two analysts on average.
- Revenue by Product Line- HDD- Legacy: $290 million compared to the $296.84 million average estimate based on two analysts.
View all Key Company Metrics for Seagate here>>>Shares of Seagate have returned +2.8% over the past month versus the Zacks S&P 500 composite's +2% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.