Seagate Tech Hldgs (NASDAQ:STX) reported its Q3 earnings results on Wednesday, April 27, 2022 at 07:00 AM.
Here's what investors need to know about the announcement.
Earnings
Seagate Tech Hldgs missed estimated earnings by 4.23%, reporting an EPS of $1.81 versus an estimate of $1.89.
Revenue was up $71.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.05 which was followed by a 7.65% increase in the share price the next day.
Here's a look at Seagate Tech Hldgs's past performance:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | 2.36 | 2.21 | 1.84 | 1.32 |
| EPS Actual | 2.41 | 2.35 | 2 | 1.48 |
| Revenue Estimate | 3.11B | 3.10B | 2.95B | 2.68B |
| Revenue Actual | 3.12B | 3.12B | 3.01B | 2.73B |
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).
Guidance
Seagate Tech Hldgs management provided guidance for Q4 2022, expecting earnings between $1.7 and $2.1 per share.
To track all earnings releases for Seagate Tech Hldgs visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
