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