In the latest trading session, Micron (MU) closed at $162.73, marking a -3.65% move from the previous day. This change lagged the S&P 500's 0.49% gain on the day. Meanwhile, the Dow experienced a rise of 0.38%, and the technology-dominated Nasdaq saw an increase of 0.72%.
The stock of chipmaker has risen by 45.86% in the past month, leading the Computer and Technology sector's gain of 6.81% and the S&P 500's gain of 2.99%.
The upcoming earnings release of Micron will be of great interest to investors. The company's earnings report is expected on September 23, 2025. On that day, Micron is projected to report earnings of $2.87 per share, which would represent year-over-year growth of 143.22%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $11.11 billion, up 43.34% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $8.13 per share and revenue of $37.17 billion. These totals would mark changes of +525.38% and 0%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Micron. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.93% higher. Micron currently has a Zacks Rank of #1 (Strong Buy).
Investors should also note Micron's current valuation metrics, including its Forward P/E ratio of 12.84. This valuation marks a discount compared to its industry average Forward P/E of 22.37.
The Computer - Integrated Systems industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 39, which puts it in the top 16% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Micron Technology, Inc. (MU): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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