Micron Technology, Inc. (NASDAQ:MU) Beats Earnings by 75% percent


Micron Technology, Inc. (NASDAQ:MU) moved down -0.92% and closed its last trading session at $25.8. This Computer and Technology Sector stock currently has the Market Capitalization of 28.45 Billion. The Average Volume for the stock is measured as 25.33 Million. The Stock has a 52-Week High of $26.23 and 52-Week Low of $9.35 following the dates, it touched its 52-Week High on Mar 16, 2017 and 52-Week Low on May 12, 2016. Currently, the Return on Assets value for the trailing twelve months is -1.1% with the Return on Equity and Return on Investment of -2.5% and 0.7% respectively. This firm currently has YTD (year to date) performance of 17.7 Percent which is awesome. The Short Ratio for the stock is 1.81.

Micron Technology, Inc. (NASDAQ:MU) Price to Earnings (P/E) ratio is 0. EPS or Earning per Share stands at $-0.3. The TTM operating margin is 2.3 percent.

Micron Technology, Inc. (NASDAQ:MU) reports its Earnings on Thu 23 Mar (In 4 Days). The estimated EPS for the current quarter is said to be $0.77. Following Earnings result, share price were DOWN 18 times out of last 27 Qtrs. The stock has added about 25.4% since it reported its last earnings. The Closing price of Micron Technology, Inc. (NASDAQ:MU) at Last Earnings was $20.58 as compared to the previous closing price of $26.04. The Predicted Move on the 7th day after Micron Technology, Inc. (NASDAQ:MU) will release its earnings at about 8%.

By Looking at Earnings History, Out of 12 Quarters when the Earnings were reported, Micron Technology, Inc. (NASDAQ:MU) beats earnings by 75%, The Stock Missed EarningsĀ  1 times and has met earningsĀ  1 times.

Earnings History:

We will discuss the past Quarters Earnings below:

Micron Technology, Inc. (NASDAQ:MU) reported its previous quarter on 12/21/2016 where it reported the Actual Earnings of $0.32. The Closing price before the company posted its earnings was $20.58. The Stock surged on the very next day of earnings and maintained its stock price at $23.19 by showing a % change of 12.68 percent from its previous closing price. The Next Day Volume after Earnings was reported as 85.87 Million. On the 7th day After Earnings Report, the stock hit its share price as $22.78 by showing 10.69% increase from the Stock price Before Earnings were reported.

On 06/30/2016, the stock reported the EPS of $-0.05 where Analysts were projecting the EPS to be $-0.12 showing a difference of $0.07. Thus Surprise Factor was there with 58.3 percent. Before Earnings Announcement on 06/30/2016, the firm had its stock price of $13.76. And immediately on the next day after earnings announcement, the stock declined -9.16% and closed its trading session at $12.5. On 7th Day after earnings release, Micron Technology, Inc. (NASDAQ:MU) dropped to -11.34% from $13.76 to $12.2.

On 03/30/2016, Analysts were suspecting EPS of $-0.09/share where Micron Technology, Inc. (NASDAQ:MU) reported its Actual EPS of $-0.08. Thus showing a Surprise of 11.1 percent. The Closing Price of the stock before earnings was $10.48 while on the Next day the stock closed its trading session at $10.47 with a percentage change of -0.1% from the price of 10.48 before Earnings. The Stock Closing Price on the 7th day of earnings was $10.47.

Company Profile:

Micron Technology, Inc. provides semiconductor systems worldwide. The company operates through four segments: Compute and Networking Business Unit, Storage Business Unit, Mobile Business Unit, and Embedded Business Unit. It offers DDR3 and DDR4 DRAM products for computers, servers, networking devices, communications equipment, consumer electronics, automotive, and industrial applications; mobile low-power DRAM products for smartphones, tablets, automotive, laptop computers, and other mobile consumer device applications; DDR2 and DDR DRAM, GDDR5 and GDDR5X DRAM, SDRAM, and RLDRAM products for networking devices, servers, consumer electronics, communications equipment, computer peripherals, automotive and industrial applications, and computer memory upgrades; and hybrid memory cube semiconductor memory devices for use in networking and computing applications. The company also provides NAND Flash products, which are electrically re-writeable, non-volatile semiconductor memory devices; client solid-state drives (SSDs) for notebooks, desktops, workstations, and other consumer applications; enterprise SSDs for server and storage applications; managed multi-chip package products; digital media products, including flash memory cards and JumpDrive products under the Lexar brand name. In addition, it manufactures products that are sold under other brand names; and resells flash memory products that are purchased from other NAND Flash suppliers. Further, the company provides 3D XPoint memory products; and NOR Flash, which are electrically re-writeable and semiconductor memory devices for automotive, industrial, connected home, and consumer applications. It markets its products to original equipment manufacturers and retailers through its internal sales force, independent sales representatives, and distributors; and through a Web-based customer direct sales channel, and channel and distribution partners. The company was founded in 1978 and is headquartered in Boise, Idaho.