Micron (MU) closed at $230.26 in the latest trading session, marking a +2.55% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.69%. Elsewhere, the Dow saw an upswing of 0.67%, while the tech-heavy Nasdaq appreciated by 0.82%.
Shares of the chipmaker witnessed a gain of 1.18% over the previous month, beating the performance of the Computer and Technology sector with its gain of 0.07%, and the S&P 500's loss of 0.31%.
The investment community will be closely monitoring the performance of Micron in its forthcoming earnings report. The company is scheduled to release its earnings on December 17, 2025. The company is forecasted to report an EPS of $3.77, showcasing a 110.61% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $12.54 billion, showing a 43.97% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $17.17 per share and revenue of $54.77 billion. These totals would mark changes of +107.12% and +46.52%, respectively, from last year.
Any recent changes to analyst estimates for Micron should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 6.85% higher. Micron presently features a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that Micron has a Forward P/E ratio of 13.08 right now. Its industry sports an average Forward P/E of 23.56, so one might conclude that Micron is trading at a discount comparatively.
Also, we should mention that MU has a PEG ratio of 0.46. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Computer - Integrated Systems was holding an average PEG ratio of 1.04 at yesterday's closing price.
The Computer - Integrated Systems industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 26, positioning it in the top 11% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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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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