MU is set to give its latest quarterly earnings report on Tuesday , 2021-09-28. Here's what investors need to know before the announcement.
Analysts estimate that Micron Technology will likely report an Earnings Per Share (EPS) of $2.33
Micron Technology bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Historical Earnings Performance
Last quarter the company beat on EPS by $9.94, which was followed by a 5.73 drop in the share price the next day.
Here's a look at Micron Technology's past performance and the resulting price change:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 1.71 | 0.95 | 0.71 | 0.99 |
| EPS Actual | 1.88 | 0.98 | 0.78 | 1.08 |
| Revenue Estimate | 7.23 B | 6.21 B | 5.73 B | 5.89 B |
| Revenue Actual | 7.42 B | 6.24 B | 5.77 B | 6.06 B |
Stock Performance
Shares of Micron Technology were trading at $74.05 as of September 24. Over the last 52-week period, shares are up 46.47%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all upcoming earnings announcements, click here to use Benzinga Earnings Calendar.
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