Unlocking Q1 Potential of Micron (MU): Exploring Wall Street Estimates for Key Metrics

Core Viewpoint - Micron is expected to report significant growth in earnings and revenues for the upcoming quarter, indicating strong performance in the semiconductor industry [1]. Earnings and Revenue Estimates - Wall Street analysts predict Micron will post quarterly earnings of $3.84 per share, reflecting a 114.5% increase year-over-year [1]. - Revenues are forecasted to be $12.57 billion, representing a year-over-year increase of 44.3% [1]. - The consensus EPS estimate has been revised upward by 3.6% in the past 30 days, indicating a reassessment of initial estimates by analysts [2]. Revenue by Technology - Revenue from DRAM is projected to reach $10.13 billion, showing a year-over-year increase of 58.3% [5]. - Revenue from Other technologies (primarily NOR) is estimated at $82.40 million, reflecting a 21.2% year-over-year increase [5]. - NAND revenue is expected to be $2.34 billion, indicating a 4.2% year-over-year increase [5]. Stock Performance - Micron shares have increased by 9.1% over the past month, outperforming the Zacks S&P 500 composite, which moved up by 0.9% [6]. - With a Zacks Rank 1 (Strong Buy), Micron is anticipated to outperform the overall market in the near future [6].