Back to top

Video Blog

Patrick Anderson

The Best Options Trade for Micron Technology (MU) Earnings

INTC TXN MU

Trades from $3

On Tuesday, October, 4th, Micron (MU - Free Report) will release its Q1 earnings results after the bell. The company is a Zacks Rank 2 (Buy), and they were upgraded within the last 30 days due to upward revisions in their earnings estimates.

Dave will investigate Micron’s past earnings, look at what is currently going on with the company, and give us his thoughts on their upcoming earnings announcement.

Furthermore, Dave will uncover some potential options trades for investors looking to make a play on Micron ahead of earnings.

Micron Technology in Focus

Micron Technology (MU - Free Report) has established itself as one of the leading worldwide providers 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, CAD/CAM, telecommunications, office automation, network and data processing, and graphics display. The company's mission is to be the most efficient and innovative global provider of semiconductor memory solutions.

Micron is expected to report earnings at -$0.09 per share according to the Zacks Consensus Estimate. Last quarter they reported an earnings at -$0.08 per share beating the Zack’s Consensus Estimate of -$0.11 per share, and they have an average surprise of 19.02% over the last four quarters.

MICRON TECH Price and EPS Surprise

MICRON TECH Price and EPS Surprise | MICRON TECH Quote

Micron is trading around $17 a share, and they are near their 52-week high of $19.30 per share.

The Zacks Industry Rank classifies Micron Technology is in the semiconductor-memory industry, and their industry is in the top 1%. The semiconductor industry has shown strong growth and potential for a long time, and moving forward the semiconductor industry should continue to grow and flourish. Having said that, Micron Technology is in a very competitive sphere. Even though other competitors such as Intel (INTC - Free Report) , and Texas Instruments (TXN - Free Report) specializes in various products compared to Micron’s specialty; however, these competitors along with others make the semiconductor industry very competitive.  

Bottom Line

How should investors play Micron Technology ahead of their earnings report? For insights on the best options trades, make sure to watch Dave Bartosiak at 1:00pm CST next Monday to see if he’ll be bullish, or bearish. If you are interested in Dave’s exclusive live streams and service, then sign up for Zacks Live Trader.


In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

INTEL CORP (INTC) - free report >>

TEXAS INSTRS (TXN) - free report >>

MICRON TECH (MU) - free report >>