Seagate Technology on Track to Surprise Investors with Positive Earnings Performance: Analysts Revise Estimates for Upcoming Report
Seagate Technology Holdings plc (STX) is a company that constantly attracts the attention of investors during earnings season. The company’s upcoming earnings report is highly anticipated, and recent analyst revisions suggest that it may outperform expectations.
According to Zacks Investment Research, the Most Accurate Estimate for the current quarter is 36 cents per share, which is higher than the Zacks Consensus Estimate of 27 cents per share. This indicates growing optimism among analysts about the company’s potential performance.
Seagate Technology has a positive Zacks Earnings ESP, which is a combination of the Most Accurate Estimate and the Zacks Consensus Estimate. Historically, stocks with a positive ESP and a Zacks Rank #3 or better have shown positive surprises 70% of the time and have outperformed the market. With these statistics in mind, Seagate Technology looks promising ahead of its earnings release.
The recent earnings estimate revisions also suggest that Seagate Technology has a bright future ahead of it. If this trend continues, investors can expect an earnings beat in the upcoming report. For more information on Seagate Technology Holdings PLC (STX), including a free stock analysis report on Zacks.com, investors can visit www.[website name].
