Seagate Technology Q1 preview: Analysts project earnings beat amid strong HDD demand
Seagate Technology (STX) is expected to report a Q1 earnings beat on October 27, with analysts projecting EPS of $7.40 and revenue of $4.14B, driven by strong HDD demand and margin gains. Estimates have seen significant upward revisions, reflecting a bullish outlook. Seagate has beaten estimates 88% of the time over the past two years, and shares rose 5.38% ahead of the announcement amid a sector rally.