NasdaqGS - Delayed Quote • USD
Micron Technology, Inc. (MU)
At close: April 18 at 4:00 PM EDT
Pre-Market: 7:25 AM EDT
Earnings Estimate
| CURRENCY IN USD | Current Qtr. (May 2024) | Next Qtr. (Aug 2024) | Current Year (2024) | Next Year (2025) |
|---|---|---|---|---|
| No. of Analysts | 22 | 23 | 25 | 26 |
| Avg. Estimate | 0.44 | 0.85 | 0.79 | 7.1 |
| Low Estimate | 0.41 | 0.44 | 0.38 | 1.32 |
| High Estimate | 0.53 | 1.56 | 1.26 | 12.07 |
| Year Ago EPS | -1.43 | -1.07 | -4.45 | 0.79 |
Revenue Estimate
| CURRENCY IN USD | Current Qtr. (May 2024) | Next Qtr. (Aug 2024) | Current Year (2024) | Next Year (2025) |
|---|---|---|---|---|
| No. of Analysts | 24 | 24 | 29 | 29 |
| Avg. Estimate | 6.24B | 7.01B | 23.08B | 32.81B |
| Low Estimate | 6.14B | 6.57B | 21.2B | 25.76B |
| High Estimate | 6.42B | 7.72B | 23.87B | 41.44B |
| Year Ago Sales | -- | 4.01B | 15.54B | 23.08B |
| Sales Growth (year/est) | -- | 74.70% | 48.50% | 42.20% |
Earnings History
| CURRENCY IN USD | 5/31/2023 | 8/31/2023 | 11/30/2023 | 2/29/2024 |
|---|---|---|---|---|
| EPS Est. | -1.58 | -1.18 | -0.97 | -0.23 |
| EPS Actual | -1.43 | -1.07 | -0.95 | 0.4 |
| Difference | 0.15 | 0.11 | 0.02 | 0.63 |
| Surprise % | 9.50% | 9.30% | 2.10% | 273.90% |
EPS Trend
| CURRENCY IN USD | Current Qtr. (May 2024) | Next Qtr. (Aug 2024) | Current Year (2024) | Next Year (2025) |
|---|---|---|---|---|
| Current Estimate | 0.44 | 0.85 | 0.79 | 7.1 |
| 7 Days Ago | 0.43 | 0.83 | 0.76 | 6.92 |
| 30 Days Ago | 0.18 | 0.79 | -0.29 | 6.78 |
| 60 Days Ago | 0.13 | 0.67 | -0.36 | 6.03 |
| 90 Days Ago | 0.13 | 0.69 | -0.43 | 6.59 |
EPS Revisions
| CURRENCY IN USD | Current Qtr. (May 2024) | Next Qtr. (Aug 2024) | Current Year (2024) | Next Year (2025) |
|---|---|---|---|---|
| Up Last 7 Days | 1 | -- | 2 | 1 |
| Up Last 30 Days | 3 | 2 | 5 | 5 |
| Down Last 7 Days | -- | -- | -- | -- |
| Down Last 30 Days | -- | 1 | -- | 1 |
Growth Estimates
| CURRENCY IN USD | MU | Industry | Sector | S&P 500 |
|---|---|---|---|---|
| Current Qtr. | 130.80% | -- | -- | 0.80% |
| Next Qtr. | 179.40% | -- | -- | 9.60% |
| Current Year | 117.80% | -- | -- | 4.50% |
| Next Year | 798.70% | -- | -- | 13.30% |
| Next 5 Years (per annum) | -2.62% | -- | -- | 11.09% |
| Past 5 Years (per annum) | 10.58% | -- | -- | -- |
Research Analysis
Analyst Price Targets
Fair Value
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Analyst Recommendations
- Strong Buy
- Buy
- Hold
- Underperform
- Sell
Earnings
Upgrades & Downgrades
| Maintains | Stifel: Buy to Buy | 4/12/2024 |
| Maintains | Cantor Fitzgerald: Overweight to Overweight | 4/8/2024 |
| Maintains | Keybanc: Overweight to Overweight | 4/8/2024 |
| Maintains | Citigroup: Buy to Buy | 4/4/2024 |
| Maintains | B of A Securities: Buy to Buy | 4/1/2024 |
| Reiterates | Mizuho: Buy to Buy | 3/26/2024 |
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