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Countdown to Micron (MU) Q4 Earnings: A Look at Estimates Beyond Revenue and EPS
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Analysts on Wall Street project that Micron (MU - Free Report) will announce quarterly earnings of $31.45 per share in its forthcoming report, representing an increase of 938% year over year. Revenues are projected to reach $50.86 billion, increasing 349.5% from the same quarter last year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some Micron metrics that are commonly tracked and projected by analysts on Wall Street.
Based on the collective assessment of analysts, 'Revenue by Technology- DRAM' should arrive at $38.26 billion. The estimate indicates a change of +325.8% from the prior-year quarter.
The consensus among analysts is that 'Revenue by Technology- Other (primarily NOR)' will reach $168.90 million. The estimate points to a change of +113.8% from the year-ago quarter.
The average prediction of analysts places 'Revenue by Technology- NAND' at $12.32 billion. The estimate indicates a change of +446.9% from the prior-year quarter.
Over the past month, Micron shares have recorded returns of +15.5% versus the Zacks S&P 500 composite's +0.7% change. Based on its Zacks Rank #3 (Hold), MU will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
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Countdown to Micron (MU) Q4 Earnings: A Look at Estimates Beyond Revenue and EPS
Analysts on Wall Street project that Micron (MU - Free Report) will announce quarterly earnings of $31.45 per share in its forthcoming report, representing an increase of 938% year over year. Revenues are projected to reach $50.86 billion, increasing 349.5% from the same quarter last year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some Micron metrics that are commonly tracked and projected by analysts on Wall Street.
Based on the collective assessment of analysts, 'Revenue by Technology- DRAM' should arrive at $38.26 billion. The estimate indicates a change of +325.8% from the prior-year quarter.
The consensus among analysts is that 'Revenue by Technology- Other (primarily NOR)' will reach $168.90 million. The estimate points to a change of +113.8% from the year-ago quarter.
The average prediction of analysts places 'Revenue by Technology- NAND' at $12.32 billion. The estimate indicates a change of +446.9% from the prior-year quarter.
View all Key Company Metrics for Micron here>>>Over the past month, Micron shares have recorded returns of +15.5% versus the Zacks S&P 500 composite's +0.7% change. Based on its Zacks Rank #3 (Hold), MU will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .