Micron Earnings Preview: Can the Chipmaker Deliver a Beat?

Group 1 - Micron Technology Inc is expected to report fiscal second-quarter earnings on March 20, with projected revenue of $7.9 billion, a 36$1.43 per share, up from $0.42 a year ago [1] - The stock has shown mixed reactions post-earnings, with a 16.2$101.90, having previously reached a record high of $157.53 in June before declining. The stock has decreased by 33.4% over the last nine months but has a year-to-date gain of 21.4% [3] Group 2 - Analysts are largely bullish on Micron, with 27 out of 30 rating it a "buy" or better. However, there is notable bearish sentiment among options traders, as indicated by a high put/call volume ratio in the 87th percentile of annual readings [4]