What Wall Road Analysts Suppose About Micron Inventory Forward of Earnings

• Micron Know-how is predicted to report earnings after the market shut on Wednesday.

• All however one of many analysts who observe Micron and are tracked by Seen Alpha have a “purchase” or equal score for the chipmaker.

• Analysts anticipate Micron to show a revenue and put up year-over-year income development of 84%.

Micron know-how (IN) is predicted to report its first-quarter fiscal 2025 outcomes after the market shut on Wednesday, with analysts extraordinarily bullish on the chipmaker’s shares.

All however one of many analysts who observe the corporate and are tracked by Seen Alpha have a “purchase” or equal score for Micron, with a consensus worth goal of round $142, a premium of almost 40% per share. in comparison with Friday’s closing worth of $102.50.

Wall Road expects Micron to report income of $8.72 billion, up 84% year-over-year, and because the firm strikes to a profit of $1.84 billion or $1.58 per share, in comparison with a lack of $1.23 billion or $1.12 per share a yr earlier.

The outcomes come a few week after Micron was received a federal grant as much as $6.165 billion to attain semiconductors in the USA underneath the CHIPS and Science Act of 2022.

The Commerce Division stated the cash would assist Micron’s “two-decade imaginative and prescient” of investing about $100 billion in New York state and $25 billion in Idaho for brand new factories that may create roughly 20,000 jobs.

Micron shares rose greater than 4% on Friday and have gained about 20% yr thus far.

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