Seagate Technology Holdings plc (STX) is a company that investors are keeping a close eye on during earnings season. With an upcoming earnings report, the outlook for the company is positive, and recent analyst revisions suggest that it may be poised for outperformance.
The Most Accurate Estimate for the current quarter has been revised upwards to 36 cents per share compared to the Zacks Consensus Estimate of 27 cents per share. This indicates growing optimism among analysts about the company’s potential to perform well.
Seagate Technology has a positive Zacks Earnings ESP, which is a combination of the Most Accurate Estimate and the Zacks Consensus Estimate. Historically, stocks with a positive ESP and a Zacks Rank #3 or better have shown positive surprises 70% of the time and have outperformed the market.
With a Zacks Rank #3 and a positive ESP, Seagate Technology looks promising ahead of its earnings release. The recent earnings estimate revisions point to a promising future for the company, suggesting that it may be in line for an earnings beat in the upcoming report.
Investors looking for stock recommendations can download Zacks Investment Research’s report on the 7 Best Stocks for the Next 30 Days. Seagate Technology Holdings PLC (STX) offers a free stock analysis report on Zacks.com for more information on this promising company.