Seagate stock rises ahead of earnings, replacing Apple as top IT pick for Morgan Stanley.

From StockTwits: 2025-01-21 20:48:13

Seagate is expected to report non-GAAP earnings of $1.88 per share and revenue of $2.32 billion. Analysts are optimistic due to high short interest and confidence in revenue recovery. Seagate stock rose 4.00% ahead of earnings. The company previously guided second-quarter metrics to $1.85 EPS and $2.30 billion revenue. Analyst Erik Woodring predicts second-quarter EPS of $1.89 and revenue of $2.3 billion for Seagate. He lowered third-quarter estimates to $1.65 EPS and $2.1 billion revenue due to supply chain issues. Sentiment toward Seagate improved to ‘bullish’ on Stocktwits. The stock climbed 3.73% to $101.32 in trading.



Read more at StockTwits: Seagate Sock Jumps Ahead Of Q2 Results As It Replaces Apple As Morgan Stanley’s Top IT Pick: Retail Upbeat