SanDisk (SNDK) Stock Gains Ahead of Q4 Earnings - TheStreet

NEW YORK (TheStreet) -- SanDisk Corp. (SNDK) stock is rising 3.14% to $66.10 in early afternoon trading on Wednesday before the company reports its 2015 fourth quarter financial results after today's market close.

Wall Street anticipates the flash storage manufacturer will post a steep drop in earnings per share and revenue.

Analysts have estimated earnings of 89 cents per share, compared with earnings of $1.30 per share that the company reported for the 2014 fourth quarter.

Revenue is expected to decline 16.9% year-over-year to $1.44 billion for the latest quarter, down from $1.74 billion for the same period in 2014.

On Monday, shares of SanDisk retreated more than 8% after CLSA analysts raised concerns about Western Digital Crop.'s (WDC) proposed $19 billion acquisition of SanDisk.

Unisplendor, a Chinese investment company, may break its agreement to acquire a 15% stake in Western Digital, Barron's reported. If the deal falls apart, Western Digital will need shareholder approval to acquire SanDisk.

Separately, SanDisk has a "hold" rating and a letter grade of C+ at TheStreet Ratings because of the company's solid financial position, expanding profit margins, disappointing stock performance, feeble earnings per share growth and deteriorating net income.

You can view the full analysis from the report here: SNDK

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

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