What is Wedbush’s Estimate for Western Digital Q2 Earnings?

Western Digital Co. (NASDAQ:WDC) – Equities researchers at Wedbush issued their Q2 2025 earnings estimates for shares of Western Digital in a note issued to investors on Tuesday, January 21st. Wedbush analyst M. Bryson anticipates that the data storage provider will post earnings of $1.55 per share for the quarter. Wedbush currently has a “Outperform” rating and a $95.00 price target on the stock. The consensus estimate for Western Digital’s current full-year earnings is $5.40 per share. Wedbush also issued estimates for Western Digital’s Q3 2025 earnings at $1.15 EPS, Q4 2025 earnings at $1.55 EPS, FY2025 earnings at $5.83 EPS and Q2 2026 earnings at $3.65 EPS.

Other equities research analysts also recently issued reports about the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $95.00 price target on shares of Western Digital in a report on Friday, January 17th. UBS Group decreased their target price on Western Digital from $74.00 to $72.00 and set a “neutral” rating on the stock in a research note on Thursday, October 24th. Wells Fargo & Company dropped their price target on Western Digital from $95.00 to $85.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. BNP Paribas decreased their price objective on shares of Western Digital from $95.00 to $90.00 in a research report on Thursday, October 24th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $115.00 target price on shares of Western Digital in a research report on Friday, October 25th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $85.65.

Western Digital Stock Performance

NASDAQ:WDC opened at $68.63 on Thursday. The business’s fifty day moving average is $65.57 and its 200 day moving average is $66.09. The firm has a market cap of $23.73 billion, a price-to-earnings ratio of 40.37 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.47. Western Digital has a 52-week low of $52.77 and a 52-week high of $81.55.

Western Digital (NASDAQ:WDC) last posted its quarterly earnings results on Thursday, October 24th. The data storage provider reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.23. Western Digital had a net margin of 4.81% and a return on equity of 8.57%. The company had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the previous year, the firm posted ($1.97) earnings per share. The company’s quarterly revenue was up 48.9% compared to the same quarter last year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Forsta AP Fonden boosted its holdings in shares of Western Digital by 4.4% in the fourth quarter. Forsta AP Fonden now owns 71,500 shares of the data storage provider’s stock worth $4,264,000 after buying an additional 3,000 shares during the last quarter. KBC Group NV boosted its stake in shares of Western Digital by 1.1% during the 4th quarter. KBC Group NV now owns 280,116 shares of the data storage provider’s stock worth $16,703,000 after acquiring an additional 3,106 shares during the last quarter. Blue Trust Inc. grew its position in shares of Western Digital by 78.5% during the 4th quarter. Blue Trust Inc. now owns 1,460 shares of the data storage provider’s stock valued at $87,000 after acquiring an additional 642 shares during the period. Fifth Third Bancorp increased its stake in shares of Western Digital by 7.4% in the 4th quarter. Fifth Third Bancorp now owns 13,269 shares of the data storage provider’s stock worth $791,000 after purchasing an additional 917 shares in the last quarter. Finally, Sound Income Strategies LLC raised its holdings in Western Digital by 13.2% in the 4th quarter. Sound Income Strategies LLC now owns 75,874 shares of the data storage provider’s stock worth $4,524,000 after purchasing an additional 8,856 shares during the period. 92.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Robert Soderbery sold 30,767 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $68.01, for a total transaction of $2,092,463.67. Following the sale, the executive vice president now directly owns 135,398 shares of the company’s stock, valued at $9,208,417.98. This trade represents a 18.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David Goeckeler sold 75,000 shares of Western Digital stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $72.58, for a total transaction of $5,443,500.00. Following the completion of the sale, the chief executive officer now owns 821,630 shares of the company’s stock, valued at $59,633,905.40. This represents a 8.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 109,107 shares of company stock valued at $7,768,381 over the last ninety days. Company insiders own 0.30% of the company’s stock.

About Western Digital

Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for desktop and notebook personal computers (PCs), gaming consoles, and set top boxes; and flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, industrial, and connected home applications.