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Your Two Minute Earnings Preview for Micron Technology (MU) Stock

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Today’s video takes a very quick look at Micron Technology (MU - Free Report) which is scheduled to give its latest earnings report later in the week. The company has been on a tear in recent months, and shares have added a robust 64% in the past six months alone. Given this, expectations are likely to be high for the stock heading into its release.

Fortunately for MU, the stock has been seeing rising earnings estimates as of late, while it has a great fundamental score of ‘B’. The company also just moved into ‘buy’ territory from the ‘hold’ area last week, so it may be looking to keep up its impressive momentum when it offers up its next quarterly report later this week.

MICRON TECH Price, Consensus and EPS Surprise

MICRON TECH Price, Consensus and EPS Surprise | MICRON TECH Quote

But it isn’t just Micron, as the sector at large has been doing pretty well as of late too. As you can see in the chart below, the overall semiconductor sector, as represented by SOXX, has been outperforming the broad market while it has a top 5% industry rank as well. 

MU reports before the bell on October 4th and we are looking for a loss of nine cents per share from the company. Make sure to watch the video for a quick guide to MU heading into the report, but if you want to trade MU stock, make sure to watch Dave Bartosiak’s Live Trader for some option insights ahead of the release.

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