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Micron (MU) Gains As Market Dips: What You Should Know
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Micron (MU - Free Report) closed the most recent trading day at $80.39, moving +0.87% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.25%.
Heading into today, shares of the chipmaker had lost 11.71% over the past month, lagging the Computer and Technology sector's loss of 3.03% and the S&P 500's gain of 1.26% in that time.
Investors will be hoping for strength from MU as it approaches its next earnings release. The company is expected to report EPS of $1.60, up 95.12% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $7.09 billion, up 30.32% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.48 per share and revenue of $26.76 billion, which would represent changes of +93.64% and +24.84%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for MU. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. MU is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that MU has a Forward P/E ratio of 14.54 right now. Its industry sports an average Forward P/E of 14.54, so we one might conclude that MU is trading at a no noticeable deviation comparatively.
Meanwhile, MU's PEG ratio is currently 0.93. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Semiconductor Memory was holding an average PEG ratio of 0.93 at yesterday's closing price.
The Semiconductor Memory industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 119, putting it in the top 47% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Micron (MU) Gains As Market Dips: What You Should Know
Micron (MU - Free Report) closed the most recent trading day at $80.39, moving +0.87% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.25%.
Heading into today, shares of the chipmaker had lost 11.71% over the past month, lagging the Computer and Technology sector's loss of 3.03% and the S&P 500's gain of 1.26% in that time.
Investors will be hoping for strength from MU as it approaches its next earnings release. The company is expected to report EPS of $1.60, up 95.12% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $7.09 billion, up 30.32% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.48 per share and revenue of $26.76 billion, which would represent changes of +93.64% and +24.84%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for MU. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. MU is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that MU has a Forward P/E ratio of 14.54 right now. Its industry sports an average Forward P/E of 14.54, so we one might conclude that MU is trading at a no noticeable deviation comparatively.
Meanwhile, MU's PEG ratio is currently 0.93. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Semiconductor Memory was holding an average PEG ratio of 0.93 at yesterday's closing price.
The Semiconductor Memory industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 119, putting it in the top 47% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.