Earnings Watch: 3 Reasons Micron Will Post Positive Report
Estimize | Jun 18, 2018 11:22AM ET
Information Technology - Semiconductors | June 20 AMC
Micron Technology (NASDAQ:MU) is set to release its FQ3 ‘18 earnings on Wednesday, June 20, after the market closes. Both Estimize and Wall Street expect an EPS of $3.14 – a 94% YoY growth. Estimize consensus predicts a revenue of $7.728B (39% YoY growth) while Wall Street predicts $7.697B. Estimize MU Revenue predictions have beaten Wall Street’s 63% of the time.
Micron is a leading microchip stock that produces and markets many semiconductor components. On May 21, the company announced a $10 billion share repurchase program and it plans to return 50% of free cash flow to stockholders starting in the next fiscal year. Micron has raised its guidance for FQ3 ‘18 from in between $7.2B-$7.6B to $7.7B-$7.8B. Micron has also made a deal with Intel Corporation (NASDAQ:INTC) to make 3D NAND flash memory chips. These are all positive signs for Micron’s upcoming earnings report.
What do you expect from Micron’s earnings?
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