Micron Technology Earnings Preview
On Tuesday, September 29, Micron Technology (NASDAQ: MU) will release its latest earnings report. Check out Benzinga's preview to understand the implications.
Earnings and Revenue
Wall Street expects EPS of $0.99 and sales around $5.90 billion. In the same quarter last year, Micron Technology announced EPS of $0.56 on revenue of $4.87 billion. The Wall Street consensus estimate for earnings per share would represent a 76.79% increase for the company. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q3 2020 | Q2 2020 | Q1 2019 | Q4 2019 |
|---|---|---|---|---|
| EPS Estimate | 0.77 | 0.37 | 0.48 | 0.48 |
| EPS Actual | 0.82 | 0.45 | 0.48 | 0.56 |
| Revenue Estimate | 5.31 B | 4.69 B | 5.03 B | 4.56 B |
| Revenue Actual | 5.44 B | 4.80 B | 5.14 B | 4.87 B |
Stock Performance
Over the last 52-week period, shares are up 15.79%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.
Don't be surprised to see the stock move on comments made during its conference call. Micron Technology is scheduled to hold the call at 16:30:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/fo4vap3z
Posted-In: Earnings
