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Barchart
Barchart
Aditya Sarawgi

What to Expect from Seagate Technology's Next Quarterly Earnings Report

Seagate

Singapore-based Seagate Technology Holdings plc (STX) provides data storage technology and infrastructure solutions in Singapore, the U.S., and internationally. With a market cap of $22.5 billion, Seagate operates as one of the largest manufacturers of hard disk drives in the world. It is expected to release its first-quarter earnings on Thursday, Oct. 24.

Ahead of the event, analysts expect Seagate to report an adjusted profit of $1.26 per share, up 470.6% from a loss of $0.34 per share reported in the year-ago quarter. It has surpassed or met Wall Street’s EPS estimates in each of the past four quarters. Its adjusted EPS for the last reported quarter grew by 400% to $0.87, surpassing the consensus estimates by 45%.

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