Gear Up for Micron (MU) Q3 Earnings: Wall Street Estimates for Key Metrics

Core Insights - Analysts project that Micron (MU) will report quarterly earnings of $1.57 per share, reflecting a year-over-year increase of 153.2% [1] - Revenue is expected to reach $8.81 billion, marking a 29.3% increase from the same quarter last year [1] - The consensus EPS estimate has remained unchanged over the past 30 days, indicating a reassessment by covering analysts [1] Revenue Estimates - Estimated 'Revenue by Technology- DRAM' is projected at $7.00 billion, representing a 49.2% increase from the prior-year quarter [4] - 'Revenue by Technology- Other (primarily NOR)' is expected to reach $81.13 million, indicating a 50.2% increase from the prior-year quarter [4] - 'Revenue by Technology- NAND' is projected to be $1.74 billion, reflecting a decrease of 15.6% from the year-ago quarter [5] Stock Performance - Over the past month, Micron shares have returned +27.1%, significantly outperforming the Zacks S&P 500 composite's +0.6% change [6] - Micron currently holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [6]