Micron Technology Soars in Stock Performance: Earnings Estimates and Analyst Forecasts Point to Continued Growth

Investors Bullish on Micron Technology as Stock Surges — TradingView Report

Micron Technology, Inc. (MU) has experienced a significant increase in stock performance, with shares returning +28.2% over the past month. The company is a leading provider of semiconductor memory solutions worldwide and has seen remarkable growth since being added to the Focus List on December 27, 2016.

For the current quarter, Micron Technology is expected to post earnings of $0.19 per share, representing a year-over-year change of +113.3%. The earnings estimate for the next fiscal year is $7.46, indicating a remarkable change of +2,359.7% from the previous year. One analyst has revised their earnings estimate upwards for fiscal 2024 in the last 60 days.

The company has an average earnings surprise of 69.6% and is forecasted to see growth of 92.6% for the current fiscal year. This is a promising sign for investors looking to capitalize on Micron Technology’s positive performance in the semiconductor industry as it continues to grow and expand its market presence globally.

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