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On Thursday, June 28th, Micron Technology Inc. (MU - Free Report) will release its third quarter fiscal 2016 earnings results. The company is currently a Zacks Rank #3 (Hold) and shares are down just over 8% so year-to-date.
Join David at 2pm EST this Thursday on YouTube to see his thoughts on Micron Technology’s past earnings, look at what is currently going on with the company, and gives us his take on their upcoming earnings announcement.
Furthermore, Dave will look into some potential options trades for investors looking to make a play on Micron Technology ahead of earnings.
Micron Technology Inc. in Focus
Micron Technology is a leading worldwide provider of semiconductor memory solutions. The company’s quality memory solutions serve customers in a variety of industries including computer and computer peripheral manufacturing, consumer electronics, telecommunications, among many others.
Micron Technology is coming off of an earnings beat last quarter of 44%, beating the Zacks Consensus Estimate by $0.04. The company has actually beaten on earnings in 2 of its last 4 quarters, by an average of 10.88%.
Heading into this earnings report, our Most Accurate Estimate for Micron Technology is -$0.14, compared to the Zacks Consensus Estimate of -$0.10, representing an Earnings expected surprise prediction (ESP) figure of -40.00%.
Earnings estimate revisions were lowered for the quarter somewhat recently, as 60 days ago the consensus estimate went from -$0.07 down to -$0.10. The company is hoping though that after its acquisitions of Elpida and Rexchip, it will increase its traction in the memory market. Micron is also positive about product launches and growing demand, particularly SSD products, which could help their revenue and earnings figures.
Micron Technology Inc. Price, Consensus and EPS Surprise
Subscribe to our channel to be notified of future live streams and make sure to check out our other videos for more stock information.
Dave Bartosiak is the editor of the Momentum Trader and Home Run Investor service. He has over a decade of experience in the financial services industry. He has traded forex, futures, stocks, and options. Mr. Bartosiak is a frequent guest on popular business news TV channels such as Bloomberg TV. He’s also the host of a light-hearted, Millennial-minded series of videos called “Trending Stocks.”
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
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Micron Technology Inc. (MU) Live Earnings Preview
On Thursday, June 28th, Micron Technology Inc. (MU - Free Report) will release its third quarter fiscal 2016 earnings results. The company is currently a Zacks Rank #3 (Hold) and shares are down just over 8% so year-to-date.
Join David at 2pm EST this Thursday on YouTube to see his thoughts on Micron Technology’s past earnings, look at what is currently going on with the company, and gives us his take on their upcoming earnings announcement.
Furthermore, Dave will look into some potential options trades for investors looking to make a play on Micron Technology ahead of earnings.
Micron Technology Inc. in Focus
Micron Technology is a leading worldwide provider of semiconductor memory solutions. The company’s quality memory solutions serve customers in a variety of industries including computer and computer peripheral manufacturing, consumer electronics, telecommunications, among many others.
Micron Technology is coming off of an earnings beat last quarter of 44%, beating the Zacks Consensus Estimate by $0.04. The company has actually beaten on earnings in 2 of its last 4 quarters, by an average of 10.88%.
MICRON TECH Price, Consensus and EPS Surprise
MICRON TECH Price, Consensus and EPS Surprise | MICRON TECH Quote
Heading into this earnings report, our Most Accurate Estimate for Micron Technology is -$0.14, compared to the Zacks Consensus Estimate of -$0.10, representing an Earnings expected surprise prediction (ESP) figure of -40.00%.
Earnings estimate revisions were lowered for the quarter somewhat recently, as 60 days ago the consensus estimate went from -$0.07 down to -$0.10. The company is hoping though that after its acquisitions of Elpida and Rexchip, it will increase its traction in the memory market. Micron is also positive about product launches and growing demand, particularly SSD products, which could help their revenue and earnings figures.
Micron Technology Inc. Price, Consensus and EPS Surprise
Subscribe to our channel to be notified of future live streams and make sure to check out our other videos for more stock information.
Dave Bartosiak is the editor of the Momentum Trader and Home Run Investor service. He has over a decade of experience in the financial services industry. He has traded forex, futures, stocks, and options. Mr. Bartosiak is a frequent guest on popular business news TV channels such as Bloomberg TV. He’s also the host of a light-hearted, Millennial-minded series of videos called “Trending Stocks.”
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.