Micron Technology poised for strong earnings report with triple-digit growth projections
By
Louis Navellier
Summary
Micron Technology (MU) is poised for a strong earnings announcement on June 24, capping off an impressive earnings season. The company reported 756% EPS growth in its most recent quarter, following 984% growth the prior year. Analysts forecast 276.5% sales growth to $35.02 billion and 949.8% earnings growth to $20.05 per share for the quarter ending May. Positive analyst revisions in the past month further support the bullish outlook. The article compares Micron favorably to SpaceX, arguing Micron's financial performance makes it a better investment opportunity.
Source
bskyMicron Technology poised for strong earnings report with triple-digit growth projectionsbit.lyKey quotes
· 3 pulledMicron Technology's (MU) earnings announcement on June 24 is expected to be the grand finale to a stunning earnings announcement season.
For the most recently reported quarter for the three months ended February 26, Micron increased earnings per share by 756% following 984% growth last year.
In the past month, they have revised its consensus earnings estimate up 4.8%, which is a good sign, since typically positive analyst earnings revisions
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