Western Digital (WDC) Stock Dips While Market Gains: Key Facts

Western Digital (WDC) closed at $236.39 in the latest trading session, marking a -2.84% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.03%. Meanwhile, the Dow lost 0.58%, and the Nasdaq, a tech-heavy index, added 0.28%. The maker of hard drives for businesses and personal computers's shares have seen an increase of 35.49% over the last month, surpassing the Computer and Technology sector's gain of 0.43% and the S&P 500's gain of 0.6%.The investment community will be paying close attention to the earnings performance of Western Digital in its upcoming release. The company is slated to reveal its earnings on January 29, 2026. On that day, Western Digital is projected to report earnings of $1.93 per share, which would represent year-over-year growth of 9.04%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.94 billion, down 31.5% from the year-ago period. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $7.71 per share and revenue of $11.73 billion. These totals would mark changes of +56.39% and -11.64%, respectively, from last year. Investors should also take note of any recent adjustments to analyst estimates for Western Digital. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Western Digital is currently a Zacks Rank #1 (Strong Buy). In the context of valuation, Western Digital is at present trading with a Forward P/E ratio of 31.54. This signifies a premium in comparison to the average Forward P/E of 23.47 for its industry. Meanwhile, WDC's PEG ratio is currently 1.08. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Computer- Storage Devices stocks are, on average, holding a PEG ratio of 1.76 based on yesterday's closing prices. The Computer- Storage Devices industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 38, putting it in the top 16% of all 250+ industries. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. To follow WDC in the coming trading sessions, be sure to utilize Zacks.com. Radical New Technology Could Hand Investors Huge GainsQuantum Computing is the next technological revolution, and it could be even more advanced than AI.While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.See Top Quantum Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Western Digital Corporation (WDC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks