Insights Into Micron (MU) Q2: Wall Street Projections for Key Metrics

Core Insights - Wall Street analysts anticipate Micron (MU) will report quarterly earnings of $8.69 per share, reflecting a year-over-year increase of 457.1% [1] - Expected revenues for the quarter are $19.15 billion, which represents a 137.8% increase compared to the same quarter last year [1] - The consensus EPS estimate has been revised upward by 7.9% in the past 30 days, indicating a reassessment of initial estimates by analysts [1] Revenue Projections - Analysts project 'Revenue by Technology- DRAM' to reach $15.03 billion, indicating a year-over-year change of +145.6% [4] - The 'Revenue by Technology- Other (primarily NOR)' is expected to be $83.80 million, suggesting a change of +11.7% year over year [4] - The estimated 'Revenue by Technology- NAND' is projected at $3.75 billion, reflecting a change of +102.3% from the year-ago quarter [4] Stock Performance - Over the past month, Micron shares have returned -2.1%, compared to a -2.3% change in the Zacks S&P 500 composite [5] - Micron currently holds a Zacks Rank 1 (Strong Buy), indicating potential for outperformance in the near future [5]