Compared to Estimates, Western Digital (WDC) Q1 Earnings: A Look at Key Metrics
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Western Digital (WDC) reported $4.1 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 48.9%. EPS of $1.78 for the same period compares to -$1.76 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $4.11 billion, representing a surprise of -0.39%. The company delivered an EPS surprise of +2.30%, with the consensus EPS estimate being $1.74.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Western Digital performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
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Total Units shipments (Total HDD Units): 13.2 million versus 12.22 million estimated by two analysts on average.
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Net Revenue- Flash: $1.88 billion compared to the $2.05 billion average estimate based on two analysts. The reported number represents a change of +21.1% year over year.
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Net Revenue- HDD: $2.21 billion versus $2.03 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +85.2% change.
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Gross profit- HDD: $843 million versus $764.66 million estimated by two analysts on average.
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Gross profit- Flash: $732 million versus the two-analyst average estimate of $765.60 million.
View all Key Company Metrics for Western Digital here>>>
Shares of Western Digital have returned +0.9% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
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