In the latest trading session, Micron Technology Inc. (MU) closed at $135.24, reflecting a gain of 2.88% from the previous day. The stock’s performance outshone the broader S&P 500, which experienced a modest increase of 0.27%. The Dow Jones Industrial Average climbed by 0.43%, while the Nasdaq, known for its tech-heavy composition, rose by 0.37%.
Over the past month, Micron has demonstrated solid growth, with shares rising 6.26%. This performance significantly surpasses the growth rates of both the Computer and Technology sector, which gained 2.4%, and the S&P 500, which saw an increase of 1.85%.
Investors are eagerly anticipating Micron’s forthcoming earnings release, scheduled for September 23, 2025. Analysts project that the company will report earnings of $2.85 per share, which would signify a remarkable 141.53% increase year-over-year. Additionally, revenue is expected to reach approximately $11.07 billion, marking a 42.82% rise compared to the same period last year.
For the entire fiscal year, the Zacks Consensus Estimates predict earnings of $8.12 per share and total revenue of $36.91 billion, indicating an extraordinary increase of 524.62% in earnings and a stable revenue figure compared to the previous year.
Recent shifts in analyst estimates have further captured investor attention. These revisions provide insights into changing business trends, and an upward trend in estimates often signals positive sentiment regarding a company’s profitability potential. A robust system, the Zacks Rank, has been developed to leverage these estimate modifications to produce a clear rating model. The Zacks Rank ranges from #1 (Strong Buy) to #5 (Strong Sell) and has consistently demonstrated success, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the consensus earnings projection for Micron has increased by 6.04%, and as of now, Micron holds a Zacks Rank of #1.
Moreover, Micron’s current valuation indicators reveal a Forward P/E ratio of 10.07, which stands in contrast to the industry average Forward P/E of 20.71, suggesting that Micron’s stock may be undervalued relative to its peers.
Micron operates within the Computer – Integrated Systems industry, a segment of the broader Computer and Technology sector. This industry currently ranks 51st within the Zacks Industry Rank, putting it in the top 21% among over 250 industries assessed. The Zacks Industry Rank reflects the average performance of individual stocks within sectors, indicating that industries ranked in the top half are likely to outperform those in the lower half by a ratio of 2 to 1.
As investors await more information from the upcoming earnings report, Micron’s strong position and promising projections may bode well for its future performance in the stock market.
