In the latest close session, Micron (MU) was down 7.99% at $379.68. The stock's performance was behind the S&P 500's daily loss of 0.94%. Meanwhile, the Dow lost 0.83%, and the Nasdaq, a tech-heavy index, lost 1.02%.
The chipmaker's stock has dropped by 5.74% in the past month, falling short of the Computer and Technology sector's loss of 4.34% and the S&P 500's loss of 1.3%.
Analysts and investors alike will be keeping a close eye on the performance of Micron in its upcoming earnings disclosure. The company's earnings report is set to go public on March 18, 2026. In that report, analysts expect Micron to post earnings of $8.5 per share. This would mark year-over-year growth of 444.87%. Meanwhile, the latest consensus estimate predicts the revenue to be $18.87 billion, indicating a 134.29% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $33.79 per share and a revenue of $75.45 billion, signifying shifts of +307.6% and +101.86%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Micron. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 3% higher. Micron is holding a Zacks Rank of #1 (Strong Buy) right now.
In terms of valuation, Micron is presently being traded at a Forward P/E ratio of 12.21. This denotes a discount relative to the industry average Forward P/E of 21.17.
The Computer - Integrated Systems industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 21, which puts it in the top 9% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding 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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