December 19, 2024
For the quarter ended November 2024, Micron (MU) reported revenue of $8.71 billion, up 84.3% over the same period last year. EPS came in at $1.79, compared to -$0.95 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $8.71 billion, representing a surprise of -0.01%. The company delivered an EPS surprise of +2.29%, with the consensus EPS estimate being $1.75.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Micron performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Micron here>>>
Shares of Micron have returned +5.6% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Micron Technology, Inc. (MU) : Free Stock Analysis Report
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