Seagate Technology Public (Nasdaq: STX ) is expected to report Q4 earnings on July 24. 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 wane -23.7% and EPS will wither -50.6%.
The average estimate for revenue is $3.42 billion. On the bottom line, the average EPS estimate is $1.19.
Last quarter, Seagate Technology Public chalked up revenue of $3.53 billion. GAAP reported sales were 21% lower than the prior-year quarter's $4.45 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 $1.26. GAAP EPS of $1.13 for Q3 were 54% lower than the prior-year quarter's $2.48 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 26.9%, 1,000 basis points worse than the prior-year quarter. Operating margin was 13.2%, much worse than the prior-year quarter. Net margin was 11.8%, much worse than the prior-year quarter.
The full year's average estimate for revenue is $14.35 billion. The average EPS estimate is $5.30.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,198 members out of 1,301 rating the stock outperform, and 103 members rating it underperform. Among 387 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 367 give Seagate Technology Public a green thumbs-up, and 20 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 $34.88.
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