Investors are always looking for stocks that are expected to perform well during earnings season, and Seagate Technology Holdings plc (STX) could be one of them. The company is set to release its earnings report soon, and the outlook is positive.
Recent earnings estimate revisions have been made by analysts for Seagate Technology, which indicates that there may be potential outperformance on the horizon. The Most Accurate Estimate for the current quarter is at 36 cents per share, which is higher than the Zacks Consensus Estimate of 27 cents per share. This suggests growing optimism among analysts.
Seagate Technology has a strong indicator of potential positive surprises with a positive Zacks Earnings ESP. This is a combination of the Most Accurate Estimate and the Zacks Consensus Estimate. Historically, stocks with a positive ESP and a Zacks Rank #3 or better have shown positive surprises 70% of the time and have outperformed the market.
With a Zacks Rank #3 and a positive ESP, Seagate Technology looks promising ahead of its earnings release. The recent earnings estimate revisions suggest that there may be potential earnings beat in the upcoming report, making it an attractive investment opportunity for investors.
For more information on Seagate Technology Holdings PLC (STX), investors can download the report on the 7 Best Stocks for the Next 30 Days from Zacks Investment Research. A free stock analysis report on Zacks.com is also available for more details about this promising company.