Seagate Technology Holdings PLC (STX) is a company that investors are keeping a close eye on ahead of its upcoming earnings report. The outlook for the report is positive, with analysts recently revising their earnings estimates for the company.
The Most Accurate Estimate for the current quarter is now at 36 cents per share, which is higher than the Zacks Consensus Estimate of 27 cents per share. This indicates that analysts are becoming more optimistic about the company’s performance.
Seagate Technology has a positive Zacks Earnings ESP, which is a strong indicator of potential positive surprises. 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 a Zacks Rank #3 and a positive ESP, Seagate Technology looks promising ahead of its earnings release. The recent earnings estimate revisions point to a promising future for the company, suggesting a potential earnings beat in the upcoming report.
Investors looking for stock recommendations from Zacks Investment Research can download the report on the 7 Best Stocks for the Next 30 Days. Seagate Technology Holdings PLC (STX) offers a free stock analysis report on Zacks.com for more information.