廣告
香港股市 已收市

  • 恒指

    18,963.68
    +425.87 (+2.30%)
     

  • 國指

    6,718.86
    +158.19 (+2.41%)
     

  • 上證綜指

    3,154.55
    +0.23 (+0.01%)
     

  • 滬深300

    3,666.28
    +1.72 (+0.05%)
     

  • 美元

    7.8132
    -0.0006 (-0.01%)
     

  • 人民幣

    0.9243
    +0.0009 (+0.10%)
     

  • 道指

    39,512.84
    +125.08 (+0.32%)
     

  • 標普 500

    5,222.68
    +8.60 (+0.16%)
     

  • 納指

    16,340.87
    -5.40 (-0.03%)
     

  • 日圓

    0.0499
    -0.0001 (-0.18%)
     

  • 歐元

    8.4127
    -0.0110 (-0.13%)
     

  • 英鎊

    9.7820
    -0.0020 (-0.02%)
     

  • 紐約期油

    78.20
    -1.06 (-1.34%)
     

  • 金價

    2,366.90
    +26.60 (+1.14%)
     

  • Bitcoin

    61,182.98
    +453.72 (+0.75%)
     

  • CMC Crypto 200

    1,267.32
    -90.69 (-6.68%)
     

Seagate (STX) Reports Q3 Earnings: What Key Metrics Have to Say

Zacks Equity Research
·2 分鐘文章

Seagate (STX) reported $1.66 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 11%. EPS of $0.33 for the same period compares to -$0.28 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $1.67 billion, representing a surprise of -0.68%. The company delivered an EPS surprise of +22.22%, with the consensus EPS estimate being $0.27.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

廣告

Here is how Seagate performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Capacity Shipped - Mass capacity: 88.5 EB versus 92.24 EB estimated by two analysts on average.

  • Capacity Shipped - Total: 99.1 EB versus 103.95 EB estimated by two analysts on average.

  • Capacity Shipped - Legacy: 10.6 EB versus the two-analyst average estimate of 11.72 EB.

  • Revenue by Product Line- HDD: $1.48 billion versus the three-analyst average estimate of $1.49 billion. The reported number represents a year-over-year change of -7.9%.

  • Revenue by Product Line- Enterprise Data Solutions, SSD & Other: $178 million versus $175.92 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -30.5% change.

  • Revenue by Product Line- HDD- Mass Capacity: $1.18 billion versus the two-analyst average estimate of $1.19 billion.

  • Revenue by Product Line- HDD- Legacy: $297 million compared to the $300.55 million average estimate based on two analysts.

View all Key Company Metrics for Seagate here>>>

Shares of Seagate have returned -3.4% over the past month versus the Zacks S&P 500 composite's -4.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Seagate Technology Holdings PLC (STX) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research