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Micron (MU) Beats Stock Market Upswing: What Investors Need to Know
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Micron (MU - Free Report) ended the recent trading session at $1,043.49, demonstrating a +2.73% change from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily gain of 1.49%. Meanwhile, the Dow experienced a rise of 0.71%, and the technology-dominated Nasdaq saw an increase of 2.26%.
The chipmaker's shares have seen an increase of 5.07% over the last month, surpassing the Computer and Technology sector's gain of 2.97% and the S&P 500's gain of 0.1%.
The investment community will be closely monitoring the performance of Micron in its forthcoming earnings report. The company is scheduled to release its earnings on September 30, 2026. The company is forecasted to report an EPS of $31.45, showcasing a 937.95% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $50.86 billion, up 349.48% from the year-ago period.
MU's full-year Zacks Consensus Estimates are calling for earnings of $73.9 per share and revenue of $129.7 billion. These results would represent year-over-year changes of +791.44% and +247.01%, respectively.
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. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.42% upward. Micron is currently a Zacks Rank #3 (Hold).
Looking at valuation, Micron is presently trading at a Forward P/E ratio of 6.41. This represents a discount compared to its industry average Forward P/E of 21.21.
It's also important to note that MU currently trades at a PEG ratio of 0.64. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Computer - Integrated Systems industry was having an average PEG ratio of 0.64.
The Computer - Integrated Systems industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 39, positioning it in the top 16% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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Micron (MU) Beats Stock Market Upswing: What Investors Need to Know
Micron (MU - Free Report) ended the recent trading session at $1,043.49, demonstrating a +2.73% change from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily gain of 1.49%. Meanwhile, the Dow experienced a rise of 0.71%, and the technology-dominated Nasdaq saw an increase of 2.26%.
The chipmaker's shares have seen an increase of 5.07% over the last month, surpassing the Computer and Technology sector's gain of 2.97% and the S&P 500's gain of 0.1%.
The investment community will be closely monitoring the performance of Micron in its forthcoming earnings report. The company is scheduled to release its earnings on September 30, 2026. The company is forecasted to report an EPS of $31.45, showcasing a 937.95% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $50.86 billion, up 349.48% from the year-ago period.
MU's full-year Zacks Consensus Estimates are calling for earnings of $73.9 per share and revenue of $129.7 billion. These results would represent year-over-year changes of +791.44% and +247.01%, respectively.
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. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.42% upward. Micron is currently a Zacks Rank #3 (Hold).
Looking at valuation, Micron is presently trading at a Forward P/E ratio of 6.41. This represents a discount compared to its industry average Forward P/E of 21.21.
It's also important to note that MU currently trades at a PEG ratio of 0.64. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Computer - Integrated Systems industry was having an average PEG ratio of 0.64.
The Computer - Integrated Systems industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 39, positioning it in the top 16% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.