NEW YORK (TheStreet) -- Shares of Seagate Technology (STX - Get Report) were slipping in mid-afternoon trading on Monday as the data storage company will post 2017 first-quarter results before Wednesday's opening bell.
Analysts surveyed by FactSet are looking for adjusted earnings of 89 cents per share and $2.79 billion in revenue.
In 2015, the Cupertino, CA-based company earned 54 cents per share on revenue of $2.93 billion for the third quarter.
Seagate last week pre-announced its 2017 first-quarter earnings, saying it expects revenue to be about $2.8 billion vs. its prior estimate of $2.7 billion.
The company also raised its growth margin outlook to 29%, up from its previous guidance of 27%.
Separately, 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.
The team rates Seagate Technology as a Hold with a ratings score of C. Among the primary strengths of the company is its generally strong cash flow from operations. At the same time, however, the team also finds weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and poor profit margins.