For its first fiscal quarter (ending September 30), Western Digital Corp (NASDAQ: WDC) has reported a -165% decline in E.P.S. from $-2.17 a year ago to $1.40 in the current quarter. E.P.S. were $0.87 for the latest four quarters through September 30 versus $-7.67 for the same period a year ago — a decline of -111%.
Recent Price Action
On 10/24/24, Western Digital Corp (NASDAQ: WDC) stock declined slightly by -0.4%, closing at $66.32. Moreover, unusually high trading volume at 169% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -2.2% 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 C (Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Western Digital has a neutral Appreciation Score of 50 and a neutral Power Rating of 55, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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