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Micron (MU) Stock Sinks As Market Gains: What You Should Know
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Micron (MU - Free Report) closed the most recent trading day at $39.37, moving -0.25% from the previous trading session. This move lagged the S&P 500's daily gain of 0.47%. Elsewhere, the Dow gained 0.68%, while the tech-heavy Nasdaq added 0.74%.
Coming into today, shares of the chipmaker had gained 16.09% in the past month. In that same time, the Computer and Technology sector gained 9.76%, while the S&P 500 gained 7.71%.
MU will be looking to display strength as it nears its next earnings release. In that report, analysts expect MU to post earnings of $1.75 per share. This would mark a year-over-year decline of 37.94%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.02 billion, down 18.16% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $7.72 per share and revenue of $25.68 billion, which would represent changes of -35.4% and -15.49%, respectively, from the prior year.
Any recent changes to analyst estimates for MU should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 3.11% lower. MU is holding a Zacks Rank of #5 (Strong Sell) right now.
Investors should also note MU's current valuation metrics, including its Forward P/E ratio of 5.12. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 5.12.
We can also see that MU currently has a PEG ratio of 0.81. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. MU's industry had an average PEG ratio of 0.81 as of yesterday's close.
The Semiconductor Memory industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 255, putting it in the bottom 1% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Micron (MU) Stock Sinks As Market Gains: What You Should Know
Micron (MU - Free Report) closed the most recent trading day at $39.37, moving -0.25% from the previous trading session. This move lagged the S&P 500's daily gain of 0.47%. Elsewhere, the Dow gained 0.68%, while the tech-heavy Nasdaq added 0.74%.
Coming into today, shares of the chipmaker had gained 16.09% in the past month. In that same time, the Computer and Technology sector gained 9.76%, while the S&P 500 gained 7.71%.
MU will be looking to display strength as it nears its next earnings release. In that report, analysts expect MU to post earnings of $1.75 per share. This would mark a year-over-year decline of 37.94%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.02 billion, down 18.16% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $7.72 per share and revenue of $25.68 billion, which would represent changes of -35.4% and -15.49%, respectively, from the prior year.
Any recent changes to analyst estimates for MU should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 3.11% lower. MU is holding a Zacks Rank of #5 (Strong Sell) right now.
Investors should also note MU's current valuation metrics, including its Forward P/E ratio of 5.12. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 5.12.
We can also see that MU currently has a PEG ratio of 0.81. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. MU's industry had an average PEG ratio of 0.81 as of yesterday's close.
The Semiconductor Memory industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 255, putting it in the bottom 1% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.