Lot’s of nervousness and concern from employee whispers I hear from Seagate/Longmont, and other locations based on blog visitor statistics. – Seagate (STX) Q3 Earnings: Stock Likely to Miss Estimates?
Our proven model indicates that Seagate will likely miss earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to post an earnings beat. That is not the case here, as you will see below.
I’d be nervous too… if I worked at Seagate. Oh, and what makes a model “proven.”
Elsewhere in high-tech: Apple’s Quarter sucked.