Posted 3/15/2024, 9:45:19 PM
Micron Stock Rises as Analysts Bullish Ahead of Earnings, Projecting Strong Growth
- Micron (MU) stock closed up 1.99% while broader markets fell
- MU earnings report due on March 20, 2024, with expected EPS growth of 85.86% year-over-year
- Analysts project 45.87% revenue growth for Micron's 2024 fiscal year
- Positive estimate revisions for Micron earnings signify analyst optimism about business and profitability
- Micron currently has a Zacks Rank of #2 (Buy) among semiconductor memory companies