Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Micron Technology (NASDAQ:MU) announces its next round of earnings this Tuesday, June 25. Here's Benzinga's look at Micron Technology's Q3 earnings report.
Earnings and Revenue
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Based on management's projections, Micron analysts model for earnings of 83 cents per share on sales of $4.77 billion.
Micron EPS in the same period a year ago totaled $3.15. Revenue was $7.80 billion. The Wall Street estimate would represent a 73.6% decline in the company's earnings. Revenue would be down 38.8% on a year-over-year basis. Micron's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q2 2019 | Q1 2019 | Q4 2018 | Q3 2018 |
| EPS Estimate | 1.67 | 2.96 | 3.34 | 3.11 |
| EPS Actual | 1.71 | 2.97 | 3.53 | 3.15 |
Stock Performance
Shares of Micron were trading at $33.19 as of June 24. Over the last 52-week period, shares are down 41.87%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.
Over the past 90 days, analysts have adjusted their estimates lower for EPS and revenues. Analysts have been rating Micron stock as Neutral. The strength of this rating has maintained conviction over the past three months.
Conference Call
Don't be surprised to see the stock move on comments made during its conference call. Micron is scheduled to hold the call at 4:30 p.m. ET and can be accessed here: https://edge.media-server.com/m6/p/cspw8vrc
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.