Alert: New Earnings Report (12/20/23)-Micron Technology Inc. (NASDAQ: MU).


Micron Technology Inc. (NASDAQ: MU) has reported a loss for its first fiscal quarter (ending November 30) of $-1.12 versus a loss $-0.18 for the same period a year ago. This result fell short of the consensus estimate of $-1.02 by $-0.10. For the latest four quarters through November 30, E.P.S. were $-6.28 compared to $5.56 a year ago — a decline of -213%.

Recent Price Action

Micron Technology Inc. (NASDAQ: MU) stock closed at $78.69 on 12/20/23 after a decline of -4.2%. Moreover, this decline was accompanied by exceptionally high trading volume at 225% of normal. The stock has risen 0.7% during the last week and has been exceptionally strong relative to the market over the last nine months.

Current PriceTarget Research Rating

MU is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Micron Technology has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Micron Technology has a neutral Appreciation Score of 42 but a very high Power Rating of 86, and the Positive Value Trend Rating results.

Rating Review

In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.

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