Western Digital (WDC) Exceeds Market Returns: Some Facts to Consider

Western Digital (WDC) closed at $462.56, up 1.78%, outperforming the S&P 500's 0.2% gain. The company is projected to report earnings of $4.07 per share (up 128.65% YoY) with quarterly revenue of $4.16 billion (up 47.45% YoY). WDC holds a Zacks Rank #2 (Buy) rating, though it trades at a premium valuation with a Forward P/E of 22.69 versus the industry average of 10.65.