Micron Technology Inc MU.OQ MU.O is expected to show a rise in quarterly revenue when it reports results on March 20 for the period ending February 28 2025
The Boise Idaho-based company is expected to report a 35.5% increase in revenue to $7.892 billion from $5.82 billion a year ago, according to the mean estimate from 23 analysts, based on LSEG data.The company's guidance on December 18 2024, for the period ended February 28, was for revenue between 7.70 billion and 8.10 billion.
LSEG's mean analyst estimate for Micron Technology Inc is for earnings of $1.42 per share. The company's EPS guidance on December 18 2024, for the period ended February 28, was between 1.33 and 1.53
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 34 "strong buy" or "buy," 4 "hold" and 1 "sell" or "strong sell."
The mean earnings estimate of analysts was unchanged in the last three months.
Wall Street's median 12-month price target for Micron Technology Inc is $125.00, above its last closing price of $101.72.
The company's guidance on December 18 2024 for the period ended February 28 was for Capital Expenditures of 3 billion.The company's guidance on December 18 2024 for the period ended February 28 was for gross profit margin between 37.5% and 39.5%.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Nov. 30 2024 | 1.77 | 1.73 | 1.79 | Beat | 3.3 |
Aug. 31 2024 | 1.14 | 1.14 | 1.18 | Beat | 3.7 |
May. 31 2024 | 0.56 | 0.51 | 0.62 | Beat | 21.9 |
Feb. 29 2024 | -0.17 | -0.25 | 0.42 | Beat | 270.3 |
Nov. 30 2023 | -1.00 | -0.97 | -0.95 | Beat | 2.3 |
Aug. 31 2023 | -1.17 | -1.18 | -1.07 | Beat | 9.3 |
May. 31 2023 | -1.61 | -1.58 | -1.43 | Beat | 9.7 |
Feb. 28 2023 | -1.12 | -0.86 | -0.57 | Beat | 33.8 |
This summary was machine generated March 18 at 22:02 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
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