It's Showtime for Seagate Technology

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Seagate Technology (NAS: STX) is expected to report Q4 earnings on July 30. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Seagate Technology's revenue will expand 59.1% and EPS will improve 803.6%.

The average estimate for revenue is $4.55 billion. On the bottom line, the average EPS estimate is $2.53.


Revenue details
Last quarter, Seagate Technology chalked up revenue of $4.45 billion. GAAP reported sales were 65% higher than the prior-year quarter's $2.70 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $2.64. GAAP EPS of $2.48 for Q3 were much higher than the prior-year quarter's $0.21 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 36.9%, 1,780 basis points better than the prior-year quarter. Operating margin was 27.3%, 2,050 basis points better than the prior-year quarter. Net margin was 25.8%, 2,230 basis points better than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $15.02 billion. The average EPS estimate is $6.81.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,143 members out of 1,241 rating the stock outperform, and 98 members rating it underperform. Among 352 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 327 give Seagate Technology a green thumbs-up, and 25 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Seagate Technology is outperform, with an average price target of $31.00.

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The article It's Showtime for Seagate Technology originally appeared on Fool.com.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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