Micron stock outperformed market, expected to announce earnings with positive projections.

From Nasdaq: 2024-12-06 17:45:05

Micron (MU) closed at $101.17, up +0.3%, outperforming the S&P 500. Its stock lost 11.06% in the past month. Micron announces earnings on Dec 18, 2024, with expected EPS of $1.75 and revenue of $8.71 billion. Zacks projects full-year earnings of $8.66 per share and revenue of $38.12 billion.

Micron’s stock performance is linked to analyst estimate changes. Micron currently holds a Zacks Rank #3 (Hold). The company’s forward P/E ratio is 11.64, a discount compared to the industry average. The Computer – Integrated Systems industry ranks 135 out of 250+ industries.

Zacks experts have identified 7 elite stocks, including Micron, as the “Most Likely for Early Price Pops.” These hand-picked stocks have historically outperformed the market by 2X, with an average gain of +24.1% per year since 1988. Investors can monitor these stocks and more on Zacks.com for valuable insights.



Read more at Nasdaq: Why Micron (MU) Outpaced the Stock Market Today