Western Digital (NASDAQ: WDC) is set to announce earnings results, with analysts expecting a 22.6% revenue increase to $2.95 billion and adjusted earnings of $1.93 per share. Analysts have maintained their estimates, but the company has missed revenue estimates five times in the last two years. Peers like Micron and Seagate Technology have reported strong revenue growth, with Micron trading up 10.2%. Investor sentiment in the semiconductor sector is positive, with share prices up 18.3% on average. Western Digital’s stock is up 49.4% in the last month, with an average analyst price target of $229.38.

Read more at Barchart: Western Digital (WDC) Reports Q4 Results Tomorrow