Micron Technology (MU) To Post Q1 Earnings: What In Store?
Zacks Investment Research | Dec 12, 2019 09:29PM ET
Micron Technology (NASDAQ:MU) is scheduled to report first-quarter fiscal 2020 results on Dec 18.
For the quarter, the company expects revenues of $4.8-$5.2 billion. The Zacks Consensus Estimate is currently pegged at $5.01 billion, implying a decline of 36.6% from the year-ago reported figure.
Earnings are projected to be between 39 cents and 53 cents per share. The consensus mark for earnings stands at 48 cents, implying a decline of 83.8%.
In the trailing four quarters, the company’s earnings surpassed the Zacks Consensus Estimate thrice and missed once, the average positive surprise being 12.9%.
Micron Technology, Inc. Price and EPS Surprise
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