# US Stocks Show Rising Earnings Estimates Despite Year-to-Date Price Declines

- URL: https://stocks.freetheai.org/news/us-stocks-show-rising-earnings-estimates-despite-year-to-date-price-declines-d02f95
- Published: 2026-10-14T14:52:32Z
- Category: markets; sentiment: mixed; impact: medium
- Symbols: [NASDAQ:STX](https://stocks.freetheai.org/symbols/NASDAQ-STX), [NASDAQ:WDC](https://stocks.freetheai.org/symbols/NASDAQ-WDC), [NYSE:CNC](https://stocks.freetheai.org/symbols/NYSE-CNC), [NASDAQ:HOOD](https://stocks.freetheai.org/symbols/NASDAQ-HOOD), [NASDAQ:MCHP](https://stocks.freetheai.org/symbols/NASDAQ-MCHP), [NASDAQ:TXN](https://stocks.freetheai.org/symbols/NASDAQ-TXN)
- Written by our AI from expert market sources across the web for FreeTheAI Stocks, built by Vibhek Soni
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A range of U.S. companies across technology, health care, and finance are experiencing rising earnings expectations despite year-to-date stock price drops. Seagate Technology Holdings PLC (STX) leads with a 43.4% rise in next-12-month earnings-per-share estimates over the past three months, even as its shares fell 2.4%. Centene Corporation (CNC) saw estimates rise 30.3% against a 1.7% price drop, while Western Digital Corporation (WDC) posted a 24.9% estimate gain alongside a 23.8% stock decline. Robinhood Markets, Inc. (HOOD) recorded a 25.5% estimate increase despite a 3.0% stock decline.

A disconnect between falling stock prices and improving earnings outlooks can point to valuation discounts as forward price-to-earnings ratios decrease. Other tech companies exhibiting this trend include Microchip Technology Incorporated (MCHP) and Texas Instruments Incorporated (TXN), with estimate increases of 21.2% and 19.3% despite price declines. Mega-cap firms including Alphabet Inc. (GOOGL), UnitedHealth Group Incorporated (UNH), Goldman Sachs Group, Inc. (GS), and JPMorgan Chase & Co. (JPM) have also logged estimate gains alongside share price pullbacks.

Higher earnings estimates and lower valuation multiples do not guarantee a stock recovery. Investors will monitor upcoming quarterly results and corporate guidance to see whether actual business performance meets elevated analyst forecasts.

## Key points

- Seagate Technology Holdings PLC leads U.S. stocks with a 43.4% increase in 12-month forward earnings estimates over three months despite a 2.4% year-to-date stock drop.
- Centene Corporation saw forward earnings estimates rise 30.3% over three months while its stock price declined 1.7% year to date.
- Western Digital Corporation recorded a 24.9% upward revision in forward earnings estimates even as its shares fell 23.8% year to date.
- Several major companies including Microchip Technology, Texas Instruments, and Robinhood Markets posted rising earnings forecasts alongside lower share prices.
- Forward earnings estimate gains alongside declining share prices lower price-to-earnings valuations relative to five-year historical averages.

## Questions and answers

### Which stock has the highest earnings estimate increase despite dropping this year?

Seagate Technology Holdings PLC leads with a 43.4% increase in next-12-month earnings-per-share estimates over the past three months, despite a 2.4% year-to-date share price decline.

### Why are rising earnings estimates and falling share prices notable for investors?

When earnings expectations increase while share prices decline, forward price-to-earnings ratios fall, creating potential valuation discounts compared to historical levels.

### Which tech stocks have seen earnings estimates rise while their stock prices fell?

Technology companies with rising 12-month forward earnings estimates and declining share prices include Seagate Technology, Western Digital, Microchip Technology, Texas Instruments, and Alphabet.