Analysts Lift Micron EPS to $8.50 as Revenue Growth Projected at 134%
Micron’s shares fell 5.7% over the past month versus a 14.1% loss in the integrated systems sector and a 1.3% S&P 500 decline. Analysts raised Micron’s current-quarter EPS estimate to $8.50 (+4.7% in 30 days) and forecast 134.3% revenue growth to $18.87 billion.
1. Stock Performance
In the past month, Micron shares dropped 5.7%, outperforming the integrated systems sector’s 14.1% loss and the 1.3% decline in the S&P 500 composite.
2. Earnings Estimate Revisions
Analysts raised Micron’s current-quarter EPS estimate to $8.50, marking a 444.9% year-over-year increase and a 4.7% upward revision in the last 30 days. Full-year EPS forecasts are $33.79 (+307.6%) and $46.25 (+36.9%) for the current and next fiscal years, revised up 3.0% and 7.1% respectively.
3. Revenue Outlook
The consensus sales estimate for the current quarter is $18.87 billion, up 134.3% year over year. Annual revenue projections stand at $75.45 billion (+101.9%) and $97.89 billion (+29.7%) for the current and next fiscal years.
4. Recent Results and Valuation
In the last reported quarter, Micron posted $13.64 billion in revenue (+56.7%) and $4.78 in EPS, topping estimates by 7.3% and 22.3%. With a Zacks Value Style grade of D, the stock trades at a premium to peers and holds a Zacks Rank #1 (Strong Buy).