What is Wedbush’s Estimate for Western Digital Q1 Earnings?

Western Digital Co. (NASDAQ:WDC) – Wedbush boosted their Q1 2025 earnings estimates for shares of Western Digital in a report issued on Monday, October 21st. Wedbush analyst M. Bryson now expects that the data storage provider will post earnings per share of $1.71 for the quarter, up from their previous estimate of $1.63. Wedbush has a “Outperform” rating and a $95.00 price objective 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.

Several other research firms have also weighed in on WDC. Rosenblatt Securities restated a “buy” rating and set a $115.00 price objective on shares of Western Digital in a research report on Thursday, August 1st. Citigroup decreased their price target on shares of Western Digital from $95.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday. StockNews.com upgraded Western Digital from a “sell” rating to a “hold” rating in a research report on Saturday, July 6th. Cantor Fitzgerald restated an “overweight” rating and issued a $80.00 target price on shares of Western Digital in a report on Tuesday, September 10th. Finally, UBS Group reduced their target price on Western Digital from $74.00 to $72.00 and set a “neutral” rating for the company in a report on Thursday. Six investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $83.95.

Western Digital Trading Down 0.4 %

Shares of Western Digital stock opened at $66.32 on Wednesday. The business has a fifty day simple moving average of $65.31 and a 200-day simple moving average of $69.73. Western Digital has a fifty-two week low of $35.62 and a fifty-two week 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 quick ratio of 0.78, a current ratio of 1.32 and a debt-to-equity ratio of 0.53.

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

Institutional Trading of Western Digital

Institutional investors and hedge funds have recently modified their holdings of the company. Nisa Investment Advisors LLC grew its stake in Western Digital by 2.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 87,967 shares of the data storage provider’s stock valued at $6,007,000 after buying an additional 2,508 shares during the last quarter. Asahi Life Asset Management CO. LTD. acquired a new stake in shares of Western Digital in the third quarter valued at about $389,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of Western Digital by 84.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,540 shares of the data storage provider’s stock worth $993,000 after purchasing an additional 6,644 shares during the period. PFG Investments LLC bought a new position in shares of Western Digital in the third quarter worth about $431,000. Finally, Arkadios Wealth Advisors acquired a new position in shares of Western Digital during the 3rd quarter worth about $1,108,000. 92.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Gene M. Zamiska sold 417 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $64.89, for a total transaction of $27,059.13. Following the transaction, the senior vice president now owns 28,870 shares in the company, valued at approximately $1,873,374.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO David Goeckeler sold 75,000 shares of the business’s stock in a transaction that occurred on 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 directly owns 896,630 shares in the company, valued at approximately $63,051,021.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Gene M. Zamiska sold 417 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $64.89, for a total value of $27,059.13. Following the sale, the senior vice president now directly owns 28,870 shares of the company’s stock, valued at $1,873,374.30. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 92,955 shares of company stock worth $6,327,560. Insiders own 0.30% of the company’s stock.

Western Digital Company Profile

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.