Tomorrow SanDisk will release its earnings report, and I’m so nervous I can’t sleep.
Market expectations are revenue of $8.3 to $8.4 billion, and EPS roughly $3.4 to $3.5. Goldman previously raised its target price from 1,200 to 2,200, calling it a “very strong quarter.” But what worries me is that even if results beat expectations, if the forward guidance isn’t impressive enough, investors will still sell off and drive the stock down. Last quarter, data center revenue jumped 233% quarter over quarter—can it keep that momentum this time? I’m not sure. My position has already been cut to just 20%; I’ll wait it out for now. #TradFi晒单
Market expectations are revenue of $8.3 to $8.4 billion, and EPS roughly $3.4 to $3.5. Goldman previously raised its target price from 1,200 to 2,200, calling it a “very strong quarter.” But what worries me is that even if results beat expectations, if the forward guidance isn’t impressive enough, investors will still sell off and drive the stock down. Last quarter, data center revenue jumped 233% quarter over quarter—can it keep that momentum this time? I’m not sure. My position has already been cut to just 20%; I’ll wait it out for now. #TradFi晒单