We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Micron (MU) Stock Sinks As Market Gains: What You Should Know
Read MoreHide Full Article
Micron (MU - Free Report) closed at $389.13 in the latest trading session, marking a -2.63% move from the prior day. This change lagged the S&P 500's 0.5% gain on the day. Elsewhere, the Dow saw an upswing of 0.64%, while the tech-heavy Nasdaq appreciated by 0.43%.
Shares of the chipmaker have appreciated by 40.33% over the course of the past month, outperforming the Computer and Technology sector's loss of 0.15%, and the S&P 500's gain of 0.18%.
Analysts and investors alike will be keeping a close eye on the performance of Micron in its upcoming earnings disclosure. In that report, analysts expect Micron to post earnings of $8.4 per share. This would mark year-over-year growth of 438.46%. Alongside, our most recent consensus estimate is anticipating revenue of $18.72 billion, indicating a 132.48% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $33.08 per share and revenue of $72.95 billion. These totals would mark changes of +299.03% and +95.17%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Micron. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.41% upward. Micron is holding a Zacks Rank of #1 (Strong Buy) right now.
In the context of valuation, Micron is at present trading with a Forward P/E ratio of 12.08. Its industry sports an average Forward P/E of 23.56, so one might conclude that Micron is trading at a discount comparatively.
The Computer - Integrated Systems industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 64, this industry ranks in the top 27% of all industries, numbering over 250.
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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Micron (MU) Stock Sinks As Market Gains: What You Should Know
Micron (MU - Free Report) closed at $389.13 in the latest trading session, marking a -2.63% move from the prior day. This change lagged the S&P 500's 0.5% gain on the day. Elsewhere, the Dow saw an upswing of 0.64%, while the tech-heavy Nasdaq appreciated by 0.43%.
Shares of the chipmaker have appreciated by 40.33% over the course of the past month, outperforming the Computer and Technology sector's loss of 0.15%, and the S&P 500's gain of 0.18%.
Analysts and investors alike will be keeping a close eye on the performance of Micron in its upcoming earnings disclosure. In that report, analysts expect Micron to post earnings of $8.4 per share. This would mark year-over-year growth of 438.46%. Alongside, our most recent consensus estimate is anticipating revenue of $18.72 billion, indicating a 132.48% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $33.08 per share and revenue of $72.95 billion. These totals would mark changes of +299.03% and +95.17%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Micron. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.41% upward. Micron is holding a Zacks Rank of #1 (Strong Buy) right now.
In the context of valuation, Micron is at present trading with a Forward P/E ratio of 12.08. Its industry sports an average Forward P/E of 23.56, so one might conclude that Micron is trading at a discount comparatively.
The Computer - Integrated Systems industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 64, this industry ranks in the top 27% of all industries, numbering over 250.
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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.