For its fourth fiscal quarter (ending June 30), Western Digital Corp (NASDAQ: WDC) has reported E.P.S. of $0.92 compared to $-2.26 a year ago. For the latest four quarters through June 30, E.P.S. were $-1.72 versus $-5.37 for the same period a year ago.
Recent Price Action
On 7/31/24, Western Digital Corp (NASDAQ: WDC) stock enjoyed a very large increase of 6.1%, closing at $67.05. Moreover, trading volume in this advance was exceptionally high at 255% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -8.1% during the last week.
Current PriceTarget Research Rating
WDC is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Western Digital has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Western Digital has a neutral Appreciation Score of 44 but a very high Power Rating of 100, with the Highest Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
Be the first to comment