Seagate Technology PLC Second Quarter Earnings Sneak Peek

Stock Price Performance: Between November 21, 2012 and January 22, 2013, the stock price had risen $11.14 (41.6%), from $26.75 to $37.89. The stock price saw one of its best stretches over the last year between January 23, 2012 and February 3, 2012, when shares rose for 10 straight days, increasing 34.2% (+$6.73) over that span. It saw one of its worst periods between October 2, 2012 and October 10, 2012 when shares fell for seven straight days, dropping 6.8% (-$2.05) over that span.

Wall St. Revenue Expectations: On average, analysts predict $3.58 billion in revenue this quarter, a rise of 11.9% from the year-ago quarter. Analysts are forecasting total revenue of $14.2 billion for the year, a decline of 5% from last year’s revenue of $14.94 billion.

Key Stats:

On the top line, the company is looking to build on two-straight revenue increases with this earnings announcement. Revenue rose 56.8% in the fourth quarter of the last fiscal year before climbing again in the first quarter.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 2.09 last quarter. Having a ratio above 2:1 is usually considered a good indicator of a company’s liquidity and ability to meet creditor demands.

Analyst Ratings: There are mostly holds on the stock with 13 of 20 analysts surveyed giving that rating.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)