Is Micron (MU) Likely to Beat Estimates This Earnings Season?

Micron Technology (MU) is likely to beat expectations when it reports third-quarter fiscal 2024 results after market close on Jun 26.The company projects fiscal third-quarter adjusted earnings of 45 cents per share (+/- 7 cents). The Zacks Consensus Estimate for the bottom line is pegged at 48 cents per share, which implies a robust improvement from the year-ago quarter’s loss of $1.43.Meanwhile, Micron estimates revenues of $6.6 billion (+/- $200 million). The consensus mark for revenues is pegged at $6.64 ...