This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Top 5 Must-Follow Earnings for Monday

Stocks in this article: VVUS STX APC FST MAS

STX Chart STX data by YCharts

Seagate Technology (STX - Get Report)

Who They Are: Seagate Technology is the worldwide leader in the design, manufacture and marketing of hard disc drives. Seagate Technology trades an average of 8 million shares per day with a marketcap of $11.3 billion.

Fourth-quarter earnings are highly anticipated by hopeful investors expecting an earnings growth report after the market closes on July 30. The analysts' mean appraisal is presently $2.51 a share, a gain of $2.23 (88.8%) from 28 cents during the corresponding quarter last year.

Analysts are more or less side-stepping this one like a politician dancing the Washington two-step. A hold can mean everything from "I want to rate it a sale, but that would not be good for business", to "I have no clue." Ten out of 19 rate this a hold. Seven recommend this as a buy and two recommend selling.

Seven out of 19 analysts now rate STX a strong buy down from nine analysts a month ago. Compared to three months ago, fewer analysts are rating this company as a strong buy. The stock has appreciated 81.2% in the last year, and the average analyst target price for STX is $29.15.

In the previous STX's earnings release April 17, the closing price before earnings was $27.89. In comparison to a recent price of $26.47, shares are down 2%.

The company has falling revenue year-over-year of $10.97 billion last fiscal year compared to $11.40 billion in the previous year. The bottom line has falling earnings year-over-year of $511 million last fiscal year compared to $1.61 billion in the previous year.

Seagate continues to move higher following a bullish trend with moving averages pointing higher as well. The price-to-earnings multiple suggests Seagate is a value buy as long as they don't hit any speed bumps.

I believe Seagate will come in very close to the estimate, but even a small miss should not hit the share price hard.

2 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,672.16 -0.44 -0.00%
S&P 500 2,053.35 +1.53 0.07%
NASDAQ 4,761.6240 +3.7450 0.08%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs