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Micron (MU - Free Report) ended the recent trading session at $1,064.10, demonstrating a +2.76% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.13%. Elsewhere, the Dow gained 0.45%, while the tech-heavy Nasdaq added 0.03%.
Prior to today's trading, shares of the chipmaker had gained 79.63% outpaced the Computer and Technology sector's gain of 11.37% and the S&P 500's gain of 5.25%.
Analysts and investors alike will be keeping a close eye on the performance of Micron in its upcoming earnings disclosure. The company's earnings report is set to go public on June 24, 2026. In that report, analysts expect Micron to post earnings of $19.62 per share. This would mark year-over-year growth of 927.23%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $34.11 billion, up 266.7% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $59.67 per share and a revenue of $111.12 billion, signifying shifts of +619.78% and +197.29%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Micron. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.57% higher. Micron presently features a Zacks Rank of #1 (Strong Buy).
Investors should also note Micron's current valuation metrics, including its Forward P/E ratio of 17.35. This valuation marks a discount compared to its industry average Forward P/E of 28.94.
The Computer - Integrated Systems industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 30, putting it in the top 13% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Micron (MU) Rises Higher Than Market: Key Facts
Micron (MU - Free Report) ended the recent trading session at $1,064.10, demonstrating a +2.76% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.13%. Elsewhere, the Dow gained 0.45%, while the tech-heavy Nasdaq added 0.03%.
Prior to today's trading, shares of the chipmaker had gained 79.63% outpaced the Computer and Technology sector's gain of 11.37% and the S&P 500's gain of 5.25%.
Analysts and investors alike will be keeping a close eye on the performance of Micron in its upcoming earnings disclosure. The company's earnings report is set to go public on June 24, 2026. In that report, analysts expect Micron to post earnings of $19.62 per share. This would mark year-over-year growth of 927.23%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $34.11 billion, up 266.7% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $59.67 per share and a revenue of $111.12 billion, signifying shifts of +619.78% and +197.29%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Micron. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.57% higher. Micron presently features a Zacks Rank of #1 (Strong Buy).
Investors should also note Micron's current valuation metrics, including its Forward P/E ratio of 17.35. This valuation marks a discount compared to its industry average Forward P/E of 28.94.
The Computer - Integrated Systems industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 30, putting it in the top 13% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.