Ahead of Micron (MU) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics

Core Insights - Wall Street analysts anticipate Micron (MU) to report quarterly earnings of $1.43 per share, reflecting a year-over-year increase of 240.5$7.9 billion, which represents a 35.6% increase from the same quarter last year [1] - The consensus EPS estimate has remained stable over the past 30 days, indicating a collective reevaluation by analysts [1] Revenue Projections - Analysts project 'Revenue by Technology- DRAM' to be $6.20 billion, indicating a year-over-year increase of 49.2$93.87 million, suggesting a decline of 5.2% year over year [4] - 'Revenue by Technology- NAND' is forecasted to be $1.60 billion, reflecting a year-over-year increase of 2.4% [4] Market Performance - Micron shares have increased by 1.3% over the past month, contrasting with the Zacks S&P 500 composite's decline of 7.7% [5] - With a Zacks Rank of 4 (Sell), Micron is expected to underperform the overall market in the near term [5]