Micron Technology(US:MU) ZACKSยท2025-11-17 23:46Core Viewpoint - Micron Technology is experiencing significant growth in earnings and revenue, with upcoming earnings expected to show substantial year-over-year increases, indicating a strong business outlook. Group 1: Stock Performance - Micron closed at $241.95, reflecting a -1.98% change from the previous day, underperforming compared to the S&P 500's loss of 0.92% [1] - Prior to the latest trading session, Micron's shares had increased by 21.96%, outperforming the Computer and Technology sector's gain of 1.64% and the S&P 500's gain of 1.48% [1] Group 2: Earnings Expectations - Analysts anticipate Micron to report earnings of $3.77 per share, representing a year-over-year growth of 110.61% [2] - The consensus estimate for revenue is $12.54 billion, indicating a 43.97% increase compared to the same quarter last year [2] - Full-year estimates project earnings of $16.22 per share and revenue of $54.48 billion, reflecting year-over-year changes of +95.66% and +45.76%, respectively [3] Group 3: Analyst Estimates and Rankings - Changes in analyst estimates for Micron are crucial as they reflect short-term business trends and can influence stock prices [4] - Micron currently holds a Zacks Rank of 1 (Strong Buy), indicating a favorable outlook from analysts [6] Group 4: Valuation Metrics - Micron's Forward P/E ratio is 15.22, which is lower than the industry average of 23.93, suggesting it is trading at a discount [7] - The PEG ratio for Micron is 0.53, compared to the industry average of 1.12, indicating strong projected earnings growth relative to its price [8] Group 5: Industry Context - The Computer - Integrated Systems industry, which includes Micron, has a Zacks Industry Rank of 35, placing it in the top 15% of over 250 industries [8] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [9]