Seagate Technology Public (Nasdaq: STX ) is expected to report Q2 earnings on Jan. 28. 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 11.8% and EPS will contract -3.8%.
The average estimate for revenue is $3.57 billion. On the bottom line, the average EPS estimate is $1.27.
Last quarter, Seagate Technology Public chalked up revenue of $3.73 billion. GAAP reported sales were 33% higher than the prior-year quarter's $2.81 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 $1.45. GAAP EPS of $1.42 for Q1 were 344% higher than the prior-year quarter's $0.32 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 28.4%, 890 basis points better than the prior-year quarter. Operating margin was 16.7%, 830 basis points better than the prior-year quarter. Net margin was 15.6%, 1,060 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $14.18 billion. The average EPS estimate is $5.26.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,214 members out of 1,313 rating the stock outperform, and 99 members rating it underperform. Among 405 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 386 give Seagate Technology Public a green thumbs-up, and 19 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 $31.57.
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