Q2 Earnings Estimate for Western Digital Issued By Wedbush

Western Digital Co. (NASDAQ:WDC) – Research analysts at Wedbush issued their Q2 2025 earnings estimates for shares of Western Digital in a research note issued to investors on Tuesday, January 21st. Wedbush analyst M. Bryson expects that the data storage provider will earn $1.55 per share for the quarter. Wedbush has a “Outperform” rating and a $95.00 price target on the stock. The consensus estimate for Western Digital’s current full-year earnings is $5.54 per share. Wedbush also issued estimates for Western Digital’s Q3 2025 earnings at $1.15 EPS, Q4 2025 earnings at $1.55 EPS, FY2025 earnings at $5.83 EPS and Q2 2026 earnings at $3.65 EPS.

Western Digital (NASDAQ:WDC) last announced its earnings results on Thursday, October 24th. The data storage provider reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.23. Western Digital had a net margin of 4.81% and a return on equity of 8.57%. The business had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.12 billion. The business’s revenue was up 48.9% compared to the same quarter last year. During the same period in the prior year, the company earned ($1.97) earnings per share.

Several other equities research analysts have also recently commented on the company. Mizuho cut their price target on Western Digital from $90.00 to $82.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Morgan Stanley reduced their target price on shares of Western Digital from $100.00 to $93.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Rosenblatt Securities reiterated a “buy” rating and set a $115.00 price target on shares of Western Digital in a research note on Friday, October 25th. BNP Paribas reduced their price objective on shares of Western Digital from $95.00 to $90.00 in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group cut their target price on Western Digital from $81.00 to $70.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $85.65.

Western Digital Stock Down 1.8 %

WDC opened at $67.41 on Thursday. Western Digital has a 52 week low of $52.77 and a 52 week high of $81.55. The business has a 50 day moving average price of $65.77 and a two-hundred day moving average price of $66.03. The company has a quick ratio of 0.91, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The company has a market cap of $23.30 billion, a PE ratio of 39.65 and a beta of 1.43.

Insiders Place Their Bets

In other Western Digital news, SVP Gene M. Zamiska sold 1,993 shares of Western Digital stock in a transaction on Monday, October 28th. The shares were sold at an average price of $69.94, for a total value of $139,390.42. Following the completion of the transaction, the senior vice president now owns 30,608 shares of the company’s stock, valued at $2,140,723.52. The trade was a 6.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Robert Soderbery sold 30,767 shares of the business’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.01, for a total transaction of $2,092,463.67. Following the sale, the executive vice president now directly owns 135,398 shares of the company’s stock, valued at approximately $9,208,417.98. This represents a 18.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,107 shares of company stock worth $2,324,881 in the last three months. 0.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Federated Hermes Inc. acquired a new position in shares of Western Digital during the second quarter valued at approximately $95,000. Intech Investment Management LLC raised its stake in shares of Western Digital by 47.6% in the 2nd quarter. Intech Investment Management LLC now owns 9,631 shares of the data storage provider’s stock worth $730,000 after buying an additional 3,104 shares in the last quarter. AE Wealth Management LLC lifted its holdings in shares of Western Digital by 8.6% in the second quarter. AE Wealth Management LLC now owns 4,349 shares of the data storage provider’s stock valued at $330,000 after buying an additional 345 shares during the period. Ensign Peak Advisors Inc boosted its stake in Western Digital by 22.1% during the second quarter. Ensign Peak Advisors Inc now owns 136,742 shares of the data storage provider’s stock valued at $10,361,000 after buying an additional 24,740 shares in the last quarter. Finally, Profund Advisors LLC grew its holdings in Western Digital by 7.4% during the second quarter. Profund Advisors LLC now owns 6,604 shares of the data storage provider’s stock worth $500,000 after acquiring an additional 456 shares during the period. Institutional investors and hedge funds own 92.51% of the company’s stock.

About Western Digital

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.