Seagate Technology (NASDAQ:STX) is set to give its latest quarterly earnings report on Wednesday, 2022-01-26. Here's what investors need to know before the announcement.
Analysts estimate that Seagate Technology will likely report an Earnings Per Share (EPS) of $2.36.
Seagate Technology bulls will hope to hear the company to 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).
Here's a look at Seagate Technology's past performance and the resulting price change:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.84 | 1.32 | 1.13 | |
| EPS Actual | 2.35 | 2 | 1.48 | 1.29 |
| Price Change % | 6.07% | 0.65% | 6.03% | -4.67% |
Stock Performance
Shares of Seagate Technology were trading at $97.16 as of January 24. Over the last 52-week period, shares are up 29.32%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.
To track all upcoming earnings announcements, click here to use Benzinga Earnings Calendar.
