Analysts Lift Micron EPS Forecast 13% to $8.69, Full-Year at $35.10
Forward EPS consensus for Micron surged 12.98% last month to $8.69 for the current quarter (+457.1% y/y), while full-year estimates rose 7.43% to $35.10 (+323.4%). These upward revisions have propelled Micron to a Zacks Rank #1 (Strong Buy).
1. Analysts Raise Quarterly and Annual EPS Forecasts
Over the past month, three analysts have lifted the current-quarter consensus EPS estimate by 12.98% to $8.69 (up 457.1% year over year), while four analysts have raised the full-year forecast by 7.43% to $35.10 (up 323.4%).
2. Stock Gains on Estimate Momentum
These upward revisions have coincided with a 5.6% rally in Micron shares over the past four weeks as investors position for stronger profitability trends.
3. Zacks Rank #1 Signals Strong Buy
The combination of consensus estimate increases has propelled Micron to a Zacks Rank #1 (Strong Buy), a designation historically linked to average annual returns above 25% since 2008.