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Micron (MU) Registers a Bigger Fall Than the Market: Important Facts to Note
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In the latest trading session, Micron (MU - Free Report) closed at $935.89, marking a -1.41% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.26%. Meanwhile, the Dow gained 0.17%, and the Nasdaq, a tech-heavy index, lost 0.97%.
Shares of the chipmaker have appreciated by 19.36% over the course of the past month, outperforming the Computer and Technology sector's gain of 0.37%, and the S&P 500's gain of 0.23%.
The investment community will be paying close attention to the earnings performance of Micron in its upcoming release. The company is slated to reveal its earnings on June 24, 2026. In that report, analysts expect Micron to post earnings of $19.72 per share. This would mark year-over-year growth of 932.46%. At the same time, our most recent consensus estimate is projecting a revenue of $34.24 billion, reflecting a 268.09% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $59.83 per share and a revenue of $111.47 billion, representing changes of +621.71% and +198.24%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Micron. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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 ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.7% higher. Micron is currently sporting a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Micron is currently trading at a Forward P/E ratio of 15.87. This represents a discount compared to its industry average Forward P/E of 27.05.
The Computer - Integrated Systems industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 21, putting it in the top 9% 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.
To follow MU in the coming trading sessions, be sure to utilize Zacks.com.
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Micron (MU) Registers a Bigger Fall Than the Market: Important Facts to Note
In the latest trading session, Micron (MU - Free Report) closed at $935.89, marking a -1.41% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.26%. Meanwhile, the Dow gained 0.17%, and the Nasdaq, a tech-heavy index, lost 0.97%.
Shares of the chipmaker have appreciated by 19.36% over the course of the past month, outperforming the Computer and Technology sector's gain of 0.37%, and the S&P 500's gain of 0.23%.
The investment community will be paying close attention to the earnings performance of Micron in its upcoming release. The company is slated to reveal its earnings on June 24, 2026. In that report, analysts expect Micron to post earnings of $19.72 per share. This would mark year-over-year growth of 932.46%. At the same time, our most recent consensus estimate is projecting a revenue of $34.24 billion, reflecting a 268.09% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $59.83 per share and a revenue of $111.47 billion, representing changes of +621.71% and +198.24%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Micron. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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 ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.7% higher. Micron is currently sporting a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Micron is currently trading at a Forward P/E ratio of 15.87. This represents a discount compared to its industry average Forward P/E of 27.05.
The Computer - Integrated Systems industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 21, putting it in the top 9% 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.
To follow MU in the coming trading sessions, be sure to utilize Zacks.com.