What Does Wall Street See for Seagate Technology Public's Q1?

Seagate Technology Public (Nasdaq: STX  ) is expected to report Q1 earnings on Oct. 30. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Seagate Technology Public's revenues will grow 35.2% and EPS will increase 400.0%.

The average estimate for revenue is $3.80 billion. On the bottom line, the average EPS estimate is $1.70.

Revenue details
Last quarter, Seagate Technology Public chalked up revenue of $4.48 billion. GAAP reported sales were 57% higher than the prior-year quarter's $2.86 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $2.41. GAAP EPS of $2.37 for Q4 were much higher than the prior-year quarter's $0.26 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 33.1%, 1,380 basis points better than the prior-year quarter. Operating margin was 23.4%, 1,660 basis points better than the prior-year quarter. Net margin was 22.6%, 1,840 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $14.97 billion. The average EPS estimate is $6.65.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,179 members out of 1,282 rating the stock outperform, and 103 members rating it underperform. Among 344 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 320 give Seagate Technology Public a green thumbs-up, and 24 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Seagate Technology Public is hold, with an average price target of $31.03.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


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