From Nasdaq: 2025-04-29 23:10:00

Western Digital (NASDAQ: WDC) is set to report its fiscal third-quarter earnings on April 30, 2025. Analysts project earnings of $1.11 per share on $2.48 billion in revenue, marking a significant decline from the same quarter last year. The company’s focus on its core HDD business post-separation from SanDisk is a strategic move.

Historically, Western Digital’s stock has declined following earnings announcements 58% of the time, with a median one-day loss of 3.5%. The company currently holds a market capitalization of $14 billion and has shown continued operational profitability over the past twelve months.

For event-driven traders, understanding historical performance trends and earnings results compared to market expectations can provide valuable insights. The Trefis High Quality portfolio offers an alternative for those seeking upside with lower volatility, having outperformed the S&P 500 since its inception.

Data shows that positive 1-day post-earnings returns were observed about 42% of the time over the last five years. The median of positive returns was 4.0%, while the median of negative returns was -3.5%. Understanding correlation between short-term and medium-term returns post-earnings can help traders execute appropriate trades.



Read more at Nasdaq: Will Q3 Results Lift Western Digital Stock?