* Micron Technology Inc is expected to show a rise in quarterly revenue when it reports results on June 26 for the period ending May 31 2024
* The Boise Idaho-based company is expected to report a 77.6% increase in revenue to $6.662 billion from $3.75 billion a year ago, according to the mean estimate from 25 analysts, based on LSEG data.The company's guidance on March 20 2024, for the period ended May 31, was for revenue between $6.40 billion and $6.80 billion.
* LSEG's mean analyst estimate for Micron Technology Inc is for earnings of 51 cents per share. The company's EPS guidance on March 20 2024, for the period ended May 31, was between $0.38 and $0.52
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 35 "strong buy" or "buy," 2 "hold" and no "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 $155.50, above its last closing price of $139.54.
The company's guidance on March 20 2024 for the period ended May 31 was for gross profit margin between USD25% and USD28%. Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Feb. 29 2024 -0.17 -0.25 0.42 Beat 270.3
Jan. 1 2024 -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. -1.12 -0.86 -0.57 Beat 33.8
28 2023
Nov. 30 2022 -0.07 -0.01 -0.04 Missed -194.6
Aug. 31 2022 1.29 1.30 1.45 Beat 11.7
May. 31 2022 2.40 2.43 2.59 Beat 6.5
This summary was machine generated June 24 at 20:03 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)
