Examining the Future: Seagate Tech Hldgs's Earnings Outlook

Seagate Tech Hldgs STX is preparing to release its quarterly earnings on Tuesday, 2024-10-22. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Seagate Tech Hldgs to report an earnings per share (EPS) of $1.44.

Seagate Tech Hldgs bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

The company's EPS beat by $0.32 in the last quarter, leading to a 4.02% increase in the share price on the following day.

Here's a look at Seagate Tech Hldgs's past performance and the resulting price change:

Tracking Seagate Tech Hldgs's Stock Performance

Shares of Seagate Tech Hldgs were trading at $112.12 as of October 18. Over the last 52-week period, shares are up 63.88%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all earnings releases for Seagate Tech Hldgs visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.