Seagate Technology Holdings plc (STX) is a company that investors are keeping a close eye on during earnings season. The company is set to release its earnings report soon, and the outlook is positive.
Recent earnings estimate revisions for Seagate Technology suggest that the company may outperform expectations. The Most Accurate Estimate for the current quarter is 36 cents per share, higher than the Zacks Consensus Estimate of 27 cents per share. This indicates growing optimism among analysts.
Having a positive Zacks Earnings ESP, which is a combination of the Most Accurate Estimate and the Zacks Consensus Estimate, is a strong indicator of potential positive surprises. 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.
Seagate Technology has a Zacks Rank #3 and a positive ESP, making it an attractive investment opportunity ahead of its earnings release. The recent earnings estimate revisions suggest that the company may beat expectations in its upcoming report.
For more information on Seagate Technology Holdings PLC (STX), investors can download the report on the 7 Best Stocks for the Next 30 Days from Zacks Investment Research. Additionally, Seagate Technology offers a free stock analysis report on Zacks.com for more details about their operations and financial performance.
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