SanDisk's stock declined 3.83% pre-market on Thursday. The decline preceded fiscal first-quarter results from its former parent company, Western Digital. Investors await Western Digital's report for insights into the memory and storage market. This report will preview SanDisk's own earnings announcement. SanDisk's earnings are scheduled for October 29. Analysts estimate Western Digital's earnings at $4.07 per share. Revenue is projected at $4.16 billion.
Expectations are high for SanDisk's upcoming report. Analysts forecast revenue of $10.58 billion. Non-GAAP earnings per share consensus is slightly above the company's guidance. The company's guidance ranges from $44 to $46. The "Earnings Whisper" number stands at $49.13. This indicates investors expect a significant beat. The market will closely watch gross margins. It will also monitor the growth of long-term supply agreements. These metrics will gauge the sustainability of SanDisk's recent strong performance.