On Tuesday, October, 4th, Micron (MU) will release its Q1 earnings results after the bell. The company is a Zacks Rank 2 (Buy), and they were upgraded within the last 30 days due to upward revisions in their earnings estimates.
Dave will investigate Micron’s past earnings, look at what is currently going on with the company, and give us his thoughts on their upcoming earnings announcement.
Furthermore, Dave will uncover some potential options trades for investors looking to make a play on Micron ahead of earnings.
Micron Technology (NASDAQ:MU) in Focus
Micron Technology (MU) has established itself as one of the leading worldwide providers of semiconductor memory solutions. The company's quality memory solutions serve customers in a variety of industries including computer and computer-peripheral manufacturing, consumer electronics, CAD/CAM, telecommunications, office automation, network and data processing, and graphics display. The company's mission is to be the most efficient and innovative global provider of semiconductor memory solutions.
Micron is expected to report earnings at -$0.09 per share according to the Zacks Consensus Estimate. Last quarter they reported an earnings at -$0.08 per share beating the Zack’s Consensus Estimate of -$0.11 per share, and they have an average surprise of 19.02% over the last four quarters.
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