Price Target Watch: Western Digital Corporation (NASDAQ:WDC), Newfield Exploration Company (NYSE:NFX)

Wall Street sell-side research analysts covering Western Digital Corporation (NASDAQ:WDC) shares have recently provided various price target projections on where the stock might be going. According to them, the stock is expected to reach $62.393 on a consensus level within the next year, according to Zacks. The most bullish estimate sees the stock reaching $97 while the most conservative estimate stand at $38.

Zacks also gives an average broker rating based on the sell-side recommendations from the analysts who cover Western Digital Corporation. They give the company shares an ABR of 1.64. This is based on the 16 analysts taken into consideration by Zacks.

Earnings Estimates for Western Digital Corporation (NASDAQ:WDC)

Currently, Wall Street is projecting that the firm will post $1.04 earnings per share. This consensus number is also derived from Zacks. For the most recent period which ended on 2016-06-30, Western Digital Corporation's EPS was reported as $0.79. This created a “surprise factor” 9.72% due to being $0.07 apart from what Wall Street predicted. When actual numbers differ greatly from the consensus expectations, sharp movement in the stock price can often be seen in the hours or days following the report.

Investors will mark their calendars for 2016-10-26, the date when Western Digital Corporation (NASDAQ:WDC) are expected to release their quarterly results.

Wall Street sell-side research analysts covering Newfield Exploration Company (NYSE:NFX) shares have recently provided various price target projections on where the stock might be going. According to them, the stock is expected to reach $51.9 on a consensus level within the next year, according to Zacks. The most bullish estimate sees the stock reaching $65 while the most conservative estimate stand at $42.

Zacks also gives an average broker rating based on the sell-side recommendations from the analysts who cover Newfield Exploration Company. They give the company shares an ABR of 1.36. This is based on the 20 analysts taken into consideration by Zacks.

Earnings Estimates for Newfield Exploration Company (NYSE:NFX)

Currently, Wall Street is projecting that the firm will post $0.25 earnings per share. This consensus number is also derived from Zacks. For the most recent period which ended on 2016-06-30, Newfield Exploration Company's EPS was reported as $0.32. This created a “surprise factor” 113.33% due to being $0.17 apart from what Wall Street predicted. When actual numbers differ greatly from the consensus expectations, sharp movement in the stock price can often be seen in the hours or days following the report.

Investors will mark their calendars for 2016-11-01, the date when Newfield Exploration Company (NYSE:NFX) are expected to release their quarterly results.

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