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Micron Technology, Inc. (MU) Hits Fresh High: Is There Still Room to Run?
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A strong stock as of late has been Micron (MU - Free Report) . Shares have been marching higher, with the stock up 31.4% over the past month. The stock hit a new 52-week high of $257.07 in the previous session. Micron has gained 201% since the start of the year compared to the 27.5% gain for the Zacks Computer and Technology sector and the 90.8% return for the Zacks Computer - Integrated Systems industry.
What's Driving the Outperformance?
The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on September 23, 2025, Micron reported EPS of $3.03 versus consensus estimate of $2.86 while it beat the consensus revenue estimate by 0.47%.
For the current fiscal year, Micron is expected to post earnings of $16.22 per share on $53.27 in revenues. This represents a 95.66% change in EPS on a 42.51% change in revenues. For the next fiscal year, the company is expected to earn $18.57 per share on $60.71 in revenues. This represents a year-over-year change of 14.53% and 13.97%, respectively.
Valuation Metrics
Micron may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.
On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). The individual style scores for Value, Growth, Momentum and the combined VGM Score run from A through F. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.
Micron has a Value Score of C. The stock's Growth and Momentum Scores are A and F, respectively, giving the company a VGM Score of B.
In terms of its value breakdown, the stock currently trades at 15.6X current fiscal year EPS estimates, which is not in-line with the peer industry average of 26.6X. On a trailing cash flow basis, the stock currently trades at 16.7X versus its peer group's average of 24X. Additionally, the stock has a PEG ratio of 0.55. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to look at the Zacks Rank for the stock, as this is even more important than the company's VGM Score. Fortunately, Micron currently has a Zacks Rank of #1 (Strong Buy) thanks to rising earnings estimates.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Micron fits the bill. Thus, it seems as though Micron shares could still be poised for more gains ahead.
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Micron Technology, Inc. (MU) Hits Fresh High: Is There Still Room to Run?
A strong stock as of late has been Micron (MU - Free Report) . Shares have been marching higher, with the stock up 31.4% over the past month. The stock hit a new 52-week high of $257.07 in the previous session. Micron has gained 201% since the start of the year compared to the 27.5% gain for the Zacks Computer and Technology sector and the 90.8% return for the Zacks Computer - Integrated Systems industry.
What's Driving the Outperformance?
The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on September 23, 2025, Micron reported EPS of $3.03 versus consensus estimate of $2.86 while it beat the consensus revenue estimate by 0.47%.
For the current fiscal year, Micron is expected to post earnings of $16.22 per share on $53.27 in revenues. This represents a 95.66% change in EPS on a 42.51% change in revenues. For the next fiscal year, the company is expected to earn $18.57 per share on $60.71 in revenues. This represents a year-over-year change of 14.53% and 13.97%, respectively.
Valuation Metrics
Micron may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.
On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). The individual style scores for Value, Growth, Momentum and the combined VGM Score run from A through F. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.
Micron has a Value Score of C. The stock's Growth and Momentum Scores are A and F, respectively, giving the company a VGM Score of B.
In terms of its value breakdown, the stock currently trades at 15.6X current fiscal year EPS estimates, which is not in-line with the peer industry average of 26.6X. On a trailing cash flow basis, the stock currently trades at 16.7X versus its peer group's average of 24X. Additionally, the stock has a PEG ratio of 0.55. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to look at the Zacks Rank for the stock, as this is even more important than the company's VGM Score. Fortunately, Micron currently has a Zacks Rank of #1 (Strong Buy) thanks to rising earnings estimates.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Micron fits the bill. Thus, it seems as though Micron shares could still be poised for more gains ahead.