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) Falls More Steeply Than Broader Market: What Investors Need to Know
Read MoreHide Full Article
In the latest trading session, Micron (MU - Free Report) closed at $1,020.76, marking a -6.18% move from the previous day. This change lagged the S&P 500's 0.57% loss on the day. On the other hand, the Dow registered a gain of 0.64%, and the technology-centric Nasdaq decreased by 1.15%.
Prior to today's trading, shares of the chipmaker had gained 59.64% outpaced the Computer and Technology sector's gain of 2.85% and the S&P 500's gain of 2.14%.
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. The company is forecasted to report an EPS of $19.72, showcasing a 932.46% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $34.24 billion, up 268.09% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $60.23 per share and a revenue of $111.55 billion, demonstrating changes of +626.54% and +198.45%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Micron. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 2.43% increase. Micron is currently a Zacks Rank #1 (Strong Buy).
Looking at its valuation, Micron is holding a Forward P/E ratio of 18.07. This signifies a discount in comparison to the average Forward P/E of 27.36 for its industry.
The Computer - Integrated Systems industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 14, which puts it in the top 6% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
Micron (MU) Falls More Steeply Than Broader Market: What Investors Need to Know
In the latest trading session, Micron (MU - Free Report) closed at $1,020.76, marking a -6.18% move from the previous day. This change lagged the S&P 500's 0.57% loss on the day. On the other hand, the Dow registered a gain of 0.64%, and the technology-centric Nasdaq decreased by 1.15%.
Prior to today's trading, shares of the chipmaker had gained 59.64% outpaced the Computer and Technology sector's gain of 2.85% and the S&P 500's gain of 2.14%.
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. The company is forecasted to report an EPS of $19.72, showcasing a 932.46% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $34.24 billion, up 268.09% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $60.23 per share and a revenue of $111.55 billion, demonstrating changes of +626.54% and +198.45%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Micron. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 2.43% increase. Micron is currently a Zacks Rank #1 (Strong Buy).
Looking at its valuation, Micron is holding a Forward P/E ratio of 18.07. This signifies a discount in comparison to the average Forward P/E of 27.36 for its industry.
The Computer - Integrated Systems industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 14, which puts it in the top 6% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.