Market Overview

Micron Expected To Deliver A Q1 Beat And Raise


Analyst Betsy Van Hees of Loop Capital recommends investors with a higher risk/reward tolerance to Buy Micron Technology, Inc. (NASDAQ: MU) shares as she expects a beat-and-raise first quarter on improving DRAM and NAND pricing.

Micron will report its first quarter results on December 21 and Van Hees expects pro forma EPS of $0.32 on revenue of $3.98 billion above the Street ($0.23/$3.86 billion) with revenue towards the high-end of the guidance range and pro forma EPS above the guidance range.

The analyst also sees second quarter pro forma EPS of $0.39 on revenue of $4.06 billion, also above the Street ($0.35/$3.87 billion).

“We believe MU will benefit from improved pricing dynamics in both DRAM and NAND driving improvements to pro forma GM and OM,” Van Hees wrote in a note.

Further, the analyst expects the recent acquisition of Inotera to boost DRAM pro forma GM by about 200bps in the second quarter and increase free cash flow.

Van Hees launched coverage of Micron with a Buy rating and a $25 price target as she expects positive tailwinds from favorable near-term memory fundamentals to continue.

At last check, shares of Micron were up 0.29 percent to $20.08.

Latest Ratings for MU

Jan 2021Raymond JamesMaintainsStrong Buy
Jan 2021Credit SuisseMaintainsOutperform
Jan 2021RosenblattMaintainsBuy

View More Analyst Ratings for MU
View the Latest Analyst Ratings


Related Articles (MU)

View Comments and Join the Discussion!

Posted-In: Betsy Van Hees Loop CapitalAnalyst Color Price Target Initiation Analyst Ratings

Latest Ratings

TRPCredit SuisseUpgrades70.0
SPRCredit SuisseUpgrades50.0
NFLXDZ BankUpgrades650.0
SHYFRaymond JamesMaintains34.0
DDSDeutsche BankUpgrades60.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at