Wedbush Estimates Western Digital’s Q1 Earnings (NASDAQ:WDC)

Western Digital Co. (NASDAQ:WDC) – Stock analysts at Wedbush boosted their Q1 2025 EPS estimates for shares of Western Digital in a report released on Monday, October 21st. Wedbush analyst M. Bryson now anticipates that the data storage provider will post earnings of $1.71 per share for the quarter, up from their previous estimate of $1.63. Wedbush currently has a “Outperform” rating and a $95.00 target price on the stock. The consensus estimate for Western Digital’s current full-year earnings is $7.75 per share. Wedbush also issued estimates for Western Digital’s Q2 2025 earnings at $1.82 EPS, Q2 2026 earnings at $3.97 EPS, Q3 2026 earnings at $3.03 EPS and Q4 2026 earnings at $3.00 EPS.

Western Digital (NASDAQ:WDC) last released its quarterly earnings data on Wednesday, July 31st. The data storage provider reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.17. Western Digital had a negative return on equity of 2.63% and a negative net margin of 3.75%. The company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.77 billion.

WDC has been the subject of a number of other reports. Summit Insights cut Western Digital from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Evercore ISI reissued an “outperform” rating and set a $85.00 price target on shares of Western Digital in a report on Thursday, August 15th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $80.00 price objective on shares of Western Digital in a research note on Tuesday, September 10th. The Goldman Sachs Group cut their target price on shares of Western Digital from $79.00 to $72.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Benchmark restated a “buy” rating and set a $92.00 price target on shares of Western Digital in a research report on Thursday, September 26th. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $83.95.

Western Digital Price Performance

Shares of WDC stock opened at $66.32 on Wednesday. The stock’s fifty day simple moving average is $65.31 and its 200 day simple moving average is $69.73. Western Digital has a one year low of $35.62 and a one year high of $81.55. The firm has a market cap of $22.92 billion, a price-to-earnings ratio of -36.44 and a beta of 1.39. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.32 and a quick ratio of 0.78.

Institutional Investors Weigh In On Western Digital

Several large investors have recently bought and sold shares of the company. Eastern Bank acquired a new position in Western Digital in the third quarter valued at about $27,000. Fairfield Financial Advisors LTD bought a new stake in Western Digital during the 2nd quarter worth approximately $29,000. Fidelis Capital Partners LLC acquired a new stake in Western Digital during the 1st quarter worth approximately $30,000. OFI Invest Asset Management acquired a new stake in Western Digital during the 2nd quarter worth approximately $34,000. Finally, 1620 Investment Advisors Inc. bought a new position in Western Digital in the second quarter valued at approximately $34,000. Institutional investors own 92.51% of the company’s stock.

Insider Transactions at Western Digital

In related news, CEO David Goeckeler sold 75,000 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $70.32, for a total value of $5,274,000.00. Following the transaction, the chief executive officer now directly owns 896,630 shares in the company, valued at $63,051,021.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO David Goeckeler sold 75,000 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $70.32, for a total value of $5,274,000.00. Following the completion of the sale, the chief executive officer now owns 896,630 shares in the company, valued at approximately $63,051,021.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Robert Soderbery sold 12,154 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $57.09, for a total value of $693,871.86. Following the transaction, the executive vice president now owns 128,413 shares in the company, valued at approximately $7,331,098.17. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 92,955 shares of company stock worth $6,327,560 in the last quarter. 0.30% of the stock is owned by company insiders.

About Western Digital

Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for desktop and notebook personal computers (PCs), gaming consoles, and set top boxes; and flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, industrial, and connected home applications.