Seagate Technology Holdings plc (STX) is a company that investors are keeping a close eye on during earnings season. The firm is set to release its earnings report soon, and recent indications suggest that things are looking positive for the company. Analysts have revised their earnings estimates upward, indicating that there may be a potential earnings beat in store for STX.
Currently, the Most Accurate Estimate for the current quarter is at 36 cents per share for STX, compared to a broader Zacks Consensus Estimate of 27 cents per share. This indicates that analysts have recently increased their estimates for Seagate Technology, resulting in a Zacks Earnings ESP of +32.11% heading into earnings season. A positive reading for the Zacks Earnings ESP has historically led to positive surprises and outperformance in the market.
Seagate Technology Holdings PLC has a Zacks Rank #3 and a positive Earnings ESP, making it an attractive option for investors ahead of earnings season. With recent earnings estimate revisions indicating a potentially positive outcome for the company’s upcoming report, investors may want to consider adding this stock to their portfolio. Stay updated with the latest recommendations from Zacks Investment Research to make informed decisions about your investment strategies.
