PT Updates: Western Digital Corporation (NASDAQ:WDC), CVS Health Corporation (NYSE:CVS)

For the current quarter, analysts are expecting Western Digital Corporation (NASDAQ:WDC) to report EPS of $2.03. This consensus estimate is provided by Zacks Research. After the period that ended on 2017-03-31, Western Digital Corporation (NASDAQ:WDC) reported an EPS actual of $2.07. The difference between the actual and estimate resulted in a surprise factor of 11.89%. The company is expected to release their next earnings report on or around 2017-07-27. Interested parties will be watching to see how company results compare to what the Street was projecting for the fiscal period.

Shares of Western Digital Corporation (NASDAQ:WDC) have a current ABR or average broker rating of 1.52. This consensus recommendation is also provided by Zacks Research. The recommendation falls on a scale between 1 and 5. A broker rating of 1 would translate into a Strong Buy. A rating of 5 would indicate a Strong Sell recommendation. This consensus broker rating may help shed some light on how the sell-side is currently viewing company stock.

Covering analysts often provide target price projections for company shares. The current Zacks consensus target price on shares of Western Digital Corporation (NASDAQ:WDC) is $85.865. The top analyst target is $116, and the lowest target is $50 on the stock. Because of the different techniques used to gauge a company target price, estimates may be quite different from one analyst to another.

According to data provided by Zacks Research, CVS Health Corporation (NYSE:CVS) has a consensus target price of $87.764 on the stock. Out of the polled analysts providing targets, the high is currently $96, while the low is resting at $77. Analyst price targets may vary depending on the individual method used to calculate the estimate.
Turning to earnings, analysts are expecting CVS Health Corporation (NYSE:CVS) to post a current quarter EPS of $1.1. This consensus number is compiled by Zacks Research. For the period ending on 2016-12-31, the company reported EPS for the quarter of $1.71. The resulting surprise factor from the difference between the reported number and the consensus estimate going into earnings was 2.4%. After a company reports earnings, the stock may see increased activity. The next earnings report date is scheduled on or near 2017-05-02.
In terms of analyst ratings, CVS Health Corporation (NYSE:CVS) has a current ABR of 1.83. This average broker recommendation is given by Zacks using a scale from 1 to 5. According to this scale, a rating of 1 or 2 would indicate a Buy, and a rating of 4 or 5 would signify a Sell recommendation. A 3 would indicate a Hold on the stock.

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