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Based in San Jose, California, Western Digital Corporation (WDC), with a market cap of $25.2 billion, is a global leader in manufacturing data storage solutions for consumer electronics, enterprise servers, and connected home applications. The company is expected to release its fiscal Q4 earnings results after the market closes on Wednesday, Jul. 31.
Ahead of this event, analysts expect WDC to report a profit of $0.92 per share, marking a significant increase of 142.6% from a loss per share of $2.16 in the same quarter last year. The company has consistently exceeded Wall Street's earnings expectations over the past four quarters. In the most recent quarter, the company surpassed the consensus EPS estimate by an impressive margin of 950% due to higher demand from cloud-computing customers.
