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
TheStreet Open House

Top 5 Must-Follow Earnings for Monday

Stocks in this article: VVUSSTXAPCFSTMAS

STX Chart STX data by YCharts

Seagate Technology (STX)

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

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!
DOW 16,399.67 +19.26 0.12%
S&P 500 1,904.01 +17.25 0.91%
NASDAQ 4,316.0740 +57.6360 1.35%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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