Tag: Analysts

Here’s What Analysts Think Will Happen Next

It’s been a mediocre week for Seagate Technology plc (NASDAQ:STX) shareholders, with the stock dropping 10% to US$44.31 in the week since its latest full-year results. It was not a great result overall. While revenues of US$11b were in line with analyst predictions, earnings were less than expected, missing statutory estimates by 12% to hit US$3.79 per share. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there’s been a strong change in the company’s prospects, or if it’s business as usual. So we gathered the latest post-earnings forecasts

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Micron Technology, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

As you might know, Micron Technology, Inc. (NASDAQ:MU) just kicked off its latest third-quarter results with some very strong numbers. Micron Technology beat earnings, with revenues hitting US$5.4b, ahead of expectations, and statutory earnings per share outperforming analyst reckonings by a solid 11%. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there’s been a strong change in the company’s prospects, or if it’s business as usual. We’ve gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

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