STX LONG EARNING 7/28 SEE TRADE IDEASeagate (STX) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2020. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus Estimate
This electronic storage maker is expected to post quarterly earnings of $1.28 per share in its upcoming report, which represents a year-over-year change of +48.8%.
Revenues are expected to be $2.61 billion, up 9.9% from the year-ago quarter.
I bought the $49.5 Call expiring on 8/6 for 2.30. I got lucky the price turned red I put in my bid and the the bid/ask price were the same.
