Morgan Stanley Sees Three Companies Surprising Earnings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 9 hours ago
0mins
Source: CNBC
- Western Digital's Strong Performance: Morgan Stanley's Earnings Surprise Composite model ranks Western Digital in the 96th percentile, indicating a likely earnings beat driven by a nearly 900% stock price increase over the past year due to AI-related memory chip shortages.
- Citi's Robust Rally: Citi ranks in the 93rd percentile on Morgan Stanley's screen, with a 158% stock price increase over the past three years, and analysts expect it to report $2.67 earnings per share and $23.34 billion in revenue for Q1.
- RTX's Steady Performance: As a defense contractor, RTX is in the 81st percentile of the Earnings Surprise Composite model, and despite a slight decline since the U.S.-Iran war began on February 28, it is expected to report $1.50 earnings per share and $21.39 billion in revenue for Q1.
- Upcoming Earnings Season: With the earnings season approaching, investors are focusing on Western Digital, Citi, and RTX, which are expected to exceed market expectations, potentially driving their stock prices higher.
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Analyst Views on WDC
Wall Street analysts forecast WDC stock price to fall
19 Analyst Rating
15 Buy
4 Hold
0 Sell
Strong Buy
Current: 311.960
Low
135.00
Averages
189.74
High
250.00
Current: 311.960
Low
135.00
Averages
189.74
High
250.00
About WDC
Western Digital Corporation is a developer, manufacturer and provider of data storage devices and solutions on hard disk drives (HDD) technologies. The Company manufactures, markets, and sells data storage devices and solutions through its sales personnel, dealers, distributors, retailers, and subsidiaries. Its portfolio of technology and products addresses end markets: Cloud, Client, and Consumer. Cloud is comprised primarily of products for public or private cloud environments and enterprise customers. Through the Client end market, the Company provides its original equipment manufacturer (OEM) and channel customers with a broad array of high-performance HDD solutions across desktops and notebooks. The Consumer end market offers a range of retail and other end-user products. Its product portfolio includes Internal HDD, Data Center Drives, Data Center Platforms, External Drives, Portable Drives, network-attached storage (NAS) for Home and Office, and Accessories.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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