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It has been about a month since the last earnings report for Seagate (STX). Shares have added about 28.9% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Seagate due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.
How Have Estimates Been Moving Since Then?
It turns out, fresh estimates have trended upward during the past month.
The consensus estimate has shifted 6.54% due to these changes.
VGM Scores
Currently, Seagate has an average Growth Score of C, however its Momentum Score is doing a bit better with a B. However, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Seagate has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry Player
Seagate belongs to the Zacks Computer - Integrated Systems industry. Another stock from the same industry, IBM (IBM), has gained 7.6% over the past month. More than a month has passed since the company reported results for the quarter ended March 2025.
IBM reported revenues of $14.54 billion in the last reported quarter, representing a year-over-year change of +0.6%. EPS of $1.60 for the same period compares with $1.68 a year ago.
IBM is expected to post earnings of $2.64 per share for the current quarter, representing a year-over-year change of +8.6%. Over the last 30 days, the Zacks Consensus Estimate has changed +0.2%.
IBM has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of B.
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This article originally published on Zacks Investment Research (zacks.com).