Q2 Earnings Estimate for Western Digital Issued By Wedbush

Western Digital Co. (NASDAQ:WDCFree Report) – Equities research analysts at Wedbush issued their Q2 2025 earnings per share (EPS) estimates for shares of Western Digital in a report issued on Tuesday, January 21st. Wedbush analyst M. Bryson forecasts that the data storage provider will earn $1.55 per share for the quarter. Wedbush has a “Outperform” rating and a $95.00 price objective on the stock. The consensus estimate for Western Digital’s current full-year earnings is $5.40 per share. Wedbush also issued estimates for Western Digital’s Q3 2025 earnings at $1.15 EPS, Q4 2025 earnings at $1.55 EPS, FY2025 earnings at $5.83 EPS and Q2 2026 earnings at $3.65 EPS.

Western Digital (NASDAQ:WDCGet Free Report) last released its quarterly earnings results on Thursday, October 24th. The data storage provider reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.23. The firm had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.12 billion. Western Digital had a net margin of 4.81% and a return on equity of 8.57%. The firm’s quarterly revenue was up 48.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.97) EPS.

WDC has been the subject of a number of other research reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $95.00 price target on shares of Western Digital in a report on Friday, January 17th. Susquehanna raised their price target on shares of Western Digital from $75.00 to $83.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Bank of America cut their price target on shares of Western Digital from $89.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Mizuho decreased their price objective on shares of Western Digital from $90.00 to $82.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Finally, Barclays cut their target price on shares of Western Digital from $90.00 to $80.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $85.65.

Read Our Latest Analysis on WDC

Western Digital Stock Up 0.1 %

Shares of Western Digital stock opened at $68.68 on Thursday. Western Digital has a 1-year low of $52.77 and a 1-year high of $81.55. The company has a market capitalization of $23.74 billion, a PE ratio of 40.40 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.91. The business has a 50-day moving average of $65.68 and a 200-day moving average of $66.11.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Aigen Investment Management LP lifted its holdings in Western Digital by 124.2% in the third quarter. Aigen Investment Management LP now owns 21,412 shares of the data storage provider’s stock worth $1,462,000 after purchasing an additional 11,860 shares during the period. Avala Global LP raised its position in shares of Western Digital by 49.0% during the 3rd quarter. Avala Global LP now owns 1,147,700 shares of the data storage provider’s stock worth $78,376,000 after buying an additional 377,500 shares in the last quarter. Swedbank AB lifted its stake in shares of Western Digital by 19.7% in the 3rd quarter. Swedbank AB now owns 291,777 shares of the data storage provider’s stock worth $19,925,000 after acquiring an additional 47,965 shares during the period. KBC Group NV boosted its holdings in shares of Western Digital by 11.2% in the third quarter. KBC Group NV now owns 277,010 shares of the data storage provider’s stock valued at $18,917,000 after acquiring an additional 27,849 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of Western Digital by 137.9% during the third quarter. Janney Montgomery Scott LLC now owns 43,575 shares of the data storage provider’s stock valued at $2,976,000 after acquiring an additional 25,262 shares during the period. Institutional investors own 92.51% of the company’s stock.

Insider Buying and Selling

In related news, SVP Gene M. Zamiska sold 1,993 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $69.94, for a total value of $139,390.42. Following the completion of the transaction, the senior vice president now directly owns 30,608 shares of the company’s stock, valued at $2,140,723.52. This represents a 6.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Robert Soderbery sold 30,767 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.01, for a total value of $2,092,463.67. Following the completion of the sale, the executive vice president now owns 135,398 shares in the company, valued at approximately $9,208,417.98. This represents a 18.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 34,107 shares of company stock valued at $2,324,881 in the last quarter. Company insiders own 0.30% of the company’s stock.

About Western Digital

(Get Free Report)

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.

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Earnings History and Estimates for Western Digital (NASDAQ:WDC)

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