Micron Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead of Earnings Call – Micron Technology (NASDAQ:MU)

Micron Technology, Inc.. IN will release its fourth-quarter earnings results after the close on Wednesday, September 25.

Analysts expect the Boise, Idaho-based company to report quarterly earnings of $1.13 per share, compared with a loss of $1.07 per share a year ago. Micron is projected to report quarterly revenue of $7.64 billion, up from $4.01 billion a year earlier, according to data from Benzinga Pro.

On September 17, Micron announced the availability of the Crucial P310 2280 Gen4 NVMe solid-state drive (SSD), expanding Micron’s P310 portfolio to address PCs, laptops, and the PlayStation 5. The company said a heatsink-equipped version, suitable for use with the PlayStation 5 and desktop gaming PCs, will be released in the coming months.

Micron shares gained 2.9% to close at $93.57 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by ticker symbol, company name, analyst signature, rating change, or other variables.

Let's take a look at how Benzinga's most accurate analysts have rated the company over the recent period.

• Stifel analyst Brian Chin maintained a Buy rating and lowered his price target from $165 to $135 on Sept. 19. This analyst has a 70% accuracy rating.
• Wells Fargo analyst Aaron Rakers maintained an Overweight rating and lowered his price target from $190 to $175 on Sept. 18. This analyst has an accuracy rating of 85%.
• UBS analyst Timothy Arcuri maintained a Buy rating and lowered the price target from $153 to $135 on Sept. 17. This analyst has a 78% accuracy rating.
• Citigroup analyst Christopher Danely maintained a Buy rating and lowered the price target from $175 to $150 on Sept. 17. This analyst has a 79% accuracy rating.
• Morgan Stanley analyst Joseph Moore maintained the Equal-Weight rating and lowered the price target from $140 to $100 on Sept. 16. This analyst has a 71% accuracy rate.

Thinking about buying MU stock? Here's what analysts think:

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