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Profits of $1.25 per share estimated for Seagate Technology PLC (NASDAQ:STX)'s first quarter

Profits of $1.25 per share estimated for Seagate Technology PLC (NASDAQ:STX)'s first quarter
Written by
Joel Najarian
Published on
October 22, 2014
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InsidrFinancial

Analysts' estimates for Seagate Technology PLC (NASDAQ:STX)'s September 2014, first quarter earnings per share have seen a modification upward and now range from $1.12 to $1.33 per share with a consensus of $1.25 per share. Seagate Technology PLC (NASDAQ:STX) jumped 2.53% during yesterday's trading session to close at $55.21.RECOMMENDATIONS

  • The consensus recommendation is a buy.
  • The recommendations made by twenty-six analysts evaluating the company include four strong buy, nine buy, twelve hold and one underperform.
  • A buy is the average consensus recommendation for the Computer Peripherals peer group. EPS

FORECAST CHANGES

  • Currently, twenty-three analysts provide Thomson Reuters I/B/E/S with earnings estimates.
  • One upward revision was made to estimates in the past four weeks.
  • The consensus earnings per share estimate has increased from $1.24 per share during the last four weeks.
  • The high estimate four weeks ago was $1.33 and the low estimate was $1.12.

YEAR OVER YEAR

  • Current quarter consensus estimate of $1.25 per share implies a change of -3.49% from the same quarter last year when the company earned $1.29 per share.
  • Peer group earnings are projected to rise over the the same quarter last year and have been revised downward over the last four weeks.

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