Micron Gears Up For Q4 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Lisa Levin
Micron Technology, Inc. (NASDAQ:MU) is expected to report a quarterly loss of $1.18 per share for its fiscal fourth quarter, compared to year-ago earnings of $1.45 per share. The company’s revenue might come in at $3.91 billion, compared to $6.64 billion in the year-ago period. Several analysts have maintained a Buy rating on the stock and raised their price targets ahead of the earnings call.
September 27, 2023 | 2:49 pm
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Micron Technology is expected to report a Q4 loss. Despite this, analysts have maintained a Buy rating and raised their price targets, which could potentially influence the stock's performance.
The expected loss for Micron Technology could potentially have a negative impact on the stock. However, the maintained Buy ratings and increased price targets from analysts suggest a positive outlook, which could balance out any negative impact from the expected loss.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100