Seagate (STX) Dips More Than Broader Markets: What You Should Know

Seagate (STX) Dips More Than Broader Markets: What You Should Know
This story originally appeared on Zacks

Seagate (STX) closed the most recent trading day at $110.96, moving -1.26% from the previous trading session. This move lagged the S&P 500’s daily loss of 0.41%. Elsewhere, the Dow lost 0.01%, while the tech-heavy Nasdaq added 0.13%.

Seagate (STX) Dips More Than Broader Markets: What You Should Know – Zacks

Heading into today, shares of the electronic storage maker had gained 9.18% over the past month, outpacing the Business Services sector’s loss of 12.79% and the S&P 500’s gain of 2.36% in that time.

Investors will be hoping for strength from Seagate as it approaches its next earnings release. In that report, analysts expect Seagate to post earnings of $2.38 per share. This would mark year-over-year growth of 84.5%. Meanwhile, our latest consensus estimate is calling for revenue of $3.11 billion, up 18.43% from the prior-year quarter.

Looking at the full year, our Zacks Consensus Estimates…

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