Seagate Technology Holdings plc (STX) is a stock 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 by analysts suggest that Seagate Technology may outperform expectations. The Most Accurate Estimate for the current quarter is higher at 36 cents per share compared to the Zacks Consensus Estimate of 27 cents per share, indicating growing optimism among analysts.
Having a positive Zacks Earnings ESP, which combines 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.
With a Zacks Rank #3 and a positive ESP, Seagate Technology looks promising ahead of its earnings release. The recent earnings estimate revisions point to a promising future for the company, suggesting a potential earnings beat in the upcoming report.
Investors can download the latest stock recommendations from Zacks Investment Research for more information on Seagate Technology Holdings PLC (STX). The company also offers a free stock analysis report on Zacks.com for further details.
