Seagate (STX) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2020. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus Estimate
This electronic storage maker is expected to post quarterly earnings of $1.28 per share in its upcoming report, which represents a year-over-year change of +48.8%.
Revenues are expected to be $2.61 billion, up 9.9% from the year-ago quarter.
I bought the $49.5 Call expiring on 8/6 for 2.30. I got lucky the price turned red I put in my bid and the the bid/ask price were the same.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus Estimate
This electronic storage maker is expected to post quarterly earnings of $1.28 per share in its upcoming report, which represents a year-over-year change of +48.8%.
Revenues are expected to be $2.61 billion, up 9.9% from the year-ago quarter.
I bought the $49.5 Call expiring on 8/6 for 2.30. I got lucky the price turned red I put in my bid and the the bid/ask price were the same.