SanDisk Earnings Preview
Investors are on the edge of their seats, hoping that SanDisk (NAS: SNDK) will top analyst expectations for the fifth consecutive quarter. The company will unveil its latest earnings on Thursday, Oct. 20. SanDisk is a multinational corporation whose main focus is the design, development, manufacturing, and marketing of flash memory card products. Its data-storage solutions include removable cards and USB drives, which can be used in a wide gamut of consumer electronics products, such as digital cameras and mobile phones.
What analysts say:
- Buy, sell, or hold?: Analysts are bullish on this stock with 18 analysts rating it as a buy and only one rating it as a sell. Analysts like SanDisk better than competitor Western Digital overall. Analysts still rate the stock a moderate buy, but they are a bit more wary about it compared to three months ago.
- Revenue forecasts: On average, analysts predict $1.42 billion in revenue this quarter. That would represent a rise of 15.4% from the year-ago quarter.
- Wall Street earnings expectations: The average analyst estimate is earnings of $1.02 per share. Estimates range from $0.96 to $1.09.
What our community says:
CAPS All-Stars are solidly backing the stock with 95.5% assigning it an "outperform" rating. The community at large agrees with the All-Stars with 93.2% granting it a rating of "outperform." Fools have embraced SanDisk and haven't been shy with their opinions lately, logging 825 posts in the past 30 days. Even with a robust four out of five stars, SanDisk's CAPS rating falls a little short of the community's upbeat outlook.
SanDisk's profit has risen year over year by an average of 18.5% over the past five quarters. Revenue has now gone up for three straight quarters.
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At the time this article was published