Q2 Earnings Forecast for Western Digital Issued By Wedbush

Western Digital Co. (NASDAQ:WDC) – Analysts at Wedbush issued their Q2 2025 EPS estimates for Western Digital in a research report issued on Tuesday, January 21st. Wedbush analyst M. Bryson expects that the data storage provider will post earnings of $1.55 per share for the quarter. Wedbush currently has a “Outperform” rating and a $95.00 target price on the stock. The consensus estimate for Western Digital’s current full-year earnings is $5.40 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.

Several other brokerages have also recently commented on WDC. Susquehanna raised their price objective on shares of Western Digital from $75.00 to $83.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Mizuho lowered their price target on Western Digital from $90.00 to $82.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. The Goldman Sachs Group reduced their price objective on Western Digital from $81.00 to $70.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Bank of America lowered their target price on Western Digital from $89.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $95.00 price target on shares of Western Digital in a research note on Friday, January 17th. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Western Digital currently has an average rating of “Moderate Buy” and an average price target of $85.65.

Western Digital Trading Up 0.1 %

NASDAQ:WDC opened at $68.68 on Thursday. The stock has a market capitalization of $23.74 billion, a price-to-earnings ratio of 40.40 and a beta of 1.43. Western Digital has a 1 year low of $52.77 and a 1 year high of $81.55. The stock has a fifty day moving average price of $65.68 and a two-hundred day moving average price of $66.11. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.47.

Western Digital (NASDAQ:WDC) last released its earnings results on Thursday, October 24th. The data storage provider reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.23. Western Digital had a return on equity of 8.57% and a net margin of 4.81%. The company had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter in the previous year, the firm posted ($1.97) EPS. The firm’s quarterly revenue was up 48.9% on a year-over-year basis.

Institutional Investors Weigh In On Western Digital

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its holdings in shares of Western Digital by 278.9% during the 4th quarter. Versant Capital Management Inc now owns 413 shares of the data storage provider’s stock worth $25,000 after purchasing an additional 304 shares during the period. Eastern Bank purchased a new stake in Western Digital during the third quarter worth approximately $27,000. True Wealth Design LLC increased its position in shares of Western Digital by 2,184.2% in the third quarter. True Wealth Design LLC now owns 434 shares of the data storage provider’s stock worth $30,000 after acquiring an additional 415 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Western Digital in the third quarter worth $41,000. Finally, Kathleen S. Wright Associates Inc. purchased a new position in shares of Western Digital in the 3rd quarter valued at $42,000. 92.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Western Digital

In related news, SVP Gene M. Zamiska sold 658 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $69.99, for a total transaction of $46,053.42. Following the completion of the transaction, the senior vice president now owns 28,863 shares of the company’s stock, valued at approximately $2,020,121.37. This represents a 2.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Robert Soderbery sold 30,767 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.01, for a total transaction of $2,092,463.67. Following the transaction, the executive vice president now directly owns 135,398 shares in the company, 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. Over the last ninety days, insiders sold 34,107 shares of company stock worth $2,324,881. 0.30% of the stock is currently owned by insiders.

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.