Micron Before the Numbers! What Needs to Happen Now for the Stock to Rise Another 50%!
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At Micron Technology (MU), the expectations are enormous this evening. After the explosive increase in stock prices, a solid quarter is no longer sufficient. The market now expects around 51 billion USD in revenue for Q4, and earnings per share of about 31.5 to 31.8 USD. Micron itself had recently projected 50 billion USD in revenue, around 86% gross margin, and an adjusted EPS of 31 USD. For me, the outlook will therefore be crucial. RBC even expects forecasts for the upcoming quarter to exceed the previous consensus of around 56 billion USD in...
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