Wedbush Predicts Western Digital’s Q3 Earnings (NASDAQ:WDC)

Western Digital Co. (NASDAQ:WDC) – Investment analysts at Wedbush cut their Q3 2025 earnings per share estimates for shares of Western Digital in a research note issued on Monday, October 21st. Wedbush analyst M. Bryson now anticipates that the data storage provider will post earnings of $1.72 per share for the quarter, down from their prior estimate of $2.40. Wedbush currently has a “Outperform” rating and a $95.00 target price on the stock. The consensus estimate for Western Digital’s current full-year earnings is $7.75 per share. Wedbush also issued estimates for Western Digital’s Q4 2025 earnings at $2.24 EPS, FY2025 earnings at $7.49 EPS and Q1 2026 earnings at $3.40 EPS.

Western Digital (NASDAQ:WDC) last released its quarterly earnings data on Wednesday, July 31st. The data storage provider reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.17. Western Digital had a negative net margin of 3.75% and a negative return on equity of 2.63%. The company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.77 billion.

A number of other equities research analysts have also issued reports on WDC. TD Cowen lowered their target price on Western Digital from $95.00 to $80.00 and set a “buy” rating for the company in a research note on Friday, September 13th. StockNews.com upgraded shares of Western Digital from a “sell” rating to a “hold” rating in a research note on Saturday, July 6th. Susquehanna decreased their target price on shares of Western Digital from $88.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Evercore ISI reaffirmed an “outperform” rating and set a $85.00 price target on shares of Western Digital in a research note on Thursday, August 15th. Finally, Summit Insights cut shares of Western Digital from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Six equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, Western Digital has a consensus rating of “Moderate Buy” and an average price target of $83.95.

Western Digital Trading Down 0.4 %

NASDAQ:WDC opened at $66.32 on Thursday. The business’s 50-day moving average is $65.31 and its two-hundred day moving average is $69.73. The firm has a market capitalization of $22.92 billion, a PE ratio of -36.44 and a beta of 1.39. Western Digital has a 12 month low of $35.62 and a 12 month high of $81.55. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.32 and a quick ratio of 0.78.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in WDC. Fairfield Financial Advisors LTD acquired a new position in shares of Western Digital during the second quarter valued at $29,000. Eastern Bank acquired a new position in Western Digital during the 3rd quarter valued at about $27,000. Fidelis Capital Partners LLC acquired a new position in Western Digital during the 1st quarter valued at about $30,000. 1620 Investment Advisors Inc. bought a new stake in shares of Western Digital during the 2nd quarter worth about $34,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Western Digital in the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 92.51% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Robert Soderbery sold 12,154 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $57.09, for a total transaction of $693,871.86. Following the completion of the transaction, the executive vice president now owns 128,413 shares in the company, valued at $7,331,098.17. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Robert Soderbery sold 12,154 shares of Western Digital stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $57.09, for a total value of $693,871.86. Following the sale, the executive vice president now directly owns 128,413 shares in the company, valued at $7,331,098.17. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David Goeckeler sold 75,000 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $70.32, for a total transaction of $5,274,000.00. Following the completion of the transaction, the chief executive officer now owns 896,630 shares of the company’s stock, valued at approximately $63,051,021.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 92,955 shares of company stock valued at $6,327,560 over the last quarter. Insiders own 0.30% of the company’s stock.

Western Digital Company Profile

Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for desktop and notebook personal computers (PCs), gaming consoles, and set top boxes; and flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, industrial, and connected home applications.