Seagate Technology Holdings (NASDAQ:STX) reports fiscal fourth-quarter results after Tuesday's closing bell, and the stock has already done something its own guidance never promised: it's priced in a lot more good news than management has actually put on paper.
STX stock is moving ahead of earnings.
See the chart and price action here.
Back in April, Seagate guided Q4 non-GAAP EPS of $4.80 to $5.20 and revenue of $3.35 billion to $3.55 billion, with a $3.45 billion midpoint.
Wall Street's consensus has crept slightly above that, calling for roughly $5.04 EPS on $3.48 billion in revenue.
