Micron Technology’s Impressive Rise: Expectations for Strong Earnings Growth in the Next Fiscal Year

Micron Technology’s Stock Soars to New Heights — TradingView News

Micron Technology, Inc. (MU) has experienced a significant increase in its stock performance in recent months. The company’s shares have returned +28.2% in the past month, with the stock being added to the Focus List on December 27, 2016, at $23.26 per share. Since then, the stock has increased by an impressive 373.82% to its current price of $110.21 per share.

Looking ahead to 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 change of +2,359.7% from the previous year. One analyst has even revised their earnings estimate upwards for fiscal 2024 in the last 60 days. On average, Micron Technology has surpassed earnings expectations by 69.6%, and its earnings are projected to grow by an impressive 92.6% for the current fiscal year alone.

Sophia Reynolds

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