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Sohini Mondal

What to Expect From Seagate Technology's Q4 2024 Earnings Report

Seagate Technology STX

Based in Dublin, Ireland, Seagate Technology Holdings plc (STX) is a global leader in data storage solutions, offering a comprehensive range of HDD, SSD, and cloud storage products. It is valued at $21.7 billion by market cap. The company is slated to announce its fiscal Q4 earnings results on Wednesday, Jul. 24.

Ahead of the event, analysts expect the electronic storage maker to report a profit of $0.60 per share, up 306.9% from a negative EPS of $0.29 per share in the year-ago quarter. The company has met or surpassed Wall Street's bottom-line estimates in each of the last four quarterly reports. The company exceeded the consensus EPS estimate by 70% in the most recent quarter, driven by higher demand for its memory chips from cloud customers.

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