Q1 Earnings Forecast for Western Digital Issued By Wedbush

Western Digital Co. (NASDAQ:WDC) – Investment analysts at Wedbush upped their Q1 2025 EPS estimates for Western Digital in a research note issued to investors on Monday, October 21st. Wedbush analyst M. Bryson now expects that the data storage provider will post earnings per share of $1.71 for the quarter, up from their previous estimate of $1.63. 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 Q2 2025 earnings at $1.82 EPS, Q2 2026 earnings at $3.97 EPS, Q3 2026 earnings at $3.03 EPS and Q4 2026 earnings at $3.00 EPS.

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

Other equities research analysts have also recently issued reports about the stock. StockNews.com raised shares of Western Digital from a “sell” rating to a “hold” rating in a research report on Saturday, July 6th. Susquehanna cut their target price on Western Digital from $88.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Rosenblatt Securities reiterated a “buy” rating and issued a $115.00 price target on shares of Western Digital in a research note on Thursday, August 1st. Cantor Fitzgerald restated an “overweight” rating and set a $80.00 price objective on shares of Western Digital in a research report on Tuesday, September 10th. Finally, Summit Insights lowered shares of Western Digital from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Six research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Western Digital presently has an average rating of “Moderate Buy” and a consensus target price of $84.24.

Western Digital Stock Up 0.7 %

Shares of NASDAQ:WDC opened at $67.76 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 1.32 and a debt-to-equity ratio of 0.53. Western Digital has a fifty-two week low of $35.62 and a fifty-two week high of $81.55. The stock has a market cap of $22.13 billion, a price-to-earnings ratio of -13.63 and a beta of 1.39. The firm’s 50 day moving average price is $65.16 and its 200 day moving average price is $69.77.

Insider Buying and Selling at Western Digital

In related news, CEO David Goeckeler sold 75,000 shares of Western Digital stock in a transaction that occurred on 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 directly owns 896,630 shares in the company, valued at $63,051,021.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, SVP Gene M. Zamiska sold 417 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $64.89, for a total transaction of $27,059.13. Following the transaction, the senior vice president now owns 28,870 shares of the company’s stock, valued at approximately $1,873,374.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David Goeckeler sold 75,000 shares of Western Digital stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 896,630 shares of the company’s stock, valued at $63,051,021.60. The trade was a 0.00 % decrease in their ownership of the stock. 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. Corporate insiders own 0.28% of the company’s stock.

Hedge Funds Weigh In On Western Digital

Institutional investors have recently added to or reduced their stakes in the business. Fairfield Financial Advisors LTD purchased a new stake in Western Digital in the 2nd quarter valued at about $29,000. Eastern Bank acquired a new stake in shares of Western Digital in the third quarter worth approximately $27,000. Fidelis Capital Partners LLC purchased a new stake in Western Digital in the first quarter valued at approximately $30,000. 1620 Investment Advisors Inc. purchased a new position in Western Digital during the second quarter worth approximately $34,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Western Digital in the 2nd quarter valued at $34,000. 92.51% of the stock is currently owned by institutional investors and hedge funds.

About Western Digital

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.