Seagate Technology Public (Nasdaq: STX) reported earnings on July 24. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 28 (Q4), Seagate Technology Public met expectations on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue dropped significantly. Non-GAAP earnings per share dropped significantly. GAAP earnings per share dropped significantly.

Margins contracted across the board.

Revenue details
Seagate Technology Public booked revenue of $3.43 billion. The 20 analysts polled by S&P Capital IQ expected revenue of $3.43 billion on the same basis. GAAP reported sales were 24% lower than the prior-year quarter's $4.48 billion.

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

EPS details
EPS came in at $1.20. The 24 earnings estimates compiled by S&P Capital IQ predicted $1.19 per share. Non-GAAP EPS of $1.20 for Q4 were 50% lower than the prior-year quarter's $2.41 per share. GAAP EPS of $0.94 for Q4 were 60% lower than the prior-year quarter's $2.37 per share.

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

Margin details
For the quarter, gross margin was 27.4%, 570 basis points worse than the prior-year quarter. Operating margin was 13.1%, much worse than the prior-year quarter. Net margin was 10.2%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $3.55 billion. On the bottom line, the average EPS estimate is $1.31.

Next year's average estimate for revenue is $14.05 billion. The average EPS estimate is $5.40.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,191 members out of 1,294 rating the stock outperform, and 103 members rating it underperform. Among 377 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 358 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 $41.11.

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