Micron Technology Earnings Preview
Portfolio Pulse from Benzinga Insights
Micron Technology (NASDAQ:MU) is expected to report an EPS of $-0.91 in its upcoming quarterly earnings on December 20, 2023. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Micron's stock price has shown mixed reactions to earnings reports, with both increases and decreases in share price following announcements. Shares are currently trading at $81.56, up 59.7% over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.
December 19, 2023 | 2:00 pm
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Micron Technology is anticipated to report a quarterly EPS of $-0.91. Investors are optimistic but cautious, as past earnings beats have not always led to stock price increases. Long-term shareholders remain bullish with the stock up 59.7% over the past year.
While Micron Technology is expected to report a negative EPS, the focus will be on the guidance provided for future quarters. Historically, the stock has had mixed reactions to earnings reports, making it challenging to predict short-term price movements solely based on the EPS figure. However, the long-term bullish trend may cushion any negative impact from the earnings report.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100