Micron Rises 2.73% to $1,043.49 as Sept. 30 Earnings Loom
Updated
Updated · Yahoo Finance · Sep 21
Micron Rises 2.73% to $1,043.49 as Sept. 30 Earnings Loom
2 articles · Updated · Yahoo Finance · Sep 21
Summary
Micron closed at $1,043.49, up 2.73% on the day and ahead of the S&P 500’s 1.49% gain, while the Nasdaq rose 2.26%.
The move comes before Micron’s Sept. 30 earnings report, where analysts expect EPS of $31.45 and revenue of $50.86 billion, up 937.95% and 349.48% from a year earlier.
Over the past month, the stock has gained 5.07%, beating the Computer and Technology sector’s 2.97% rise and the S&P 500’s 0.1% increase.
Analyst sentiment has edged higher, with the consensus EPS estimate up 0.42% over the last month; Micron carries a Zacks Rank #3 and trades at a 6.41 forward P/E versus its industry’s 21.21.