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Micron (MU) closed the last trading day at $ 39.03, an increase of + 0.98% over the previous trading session. The title was behind the daily gain of 1.47% of the S & P 500. At the same time, the Dow Jones added 0.79% and the Nasdaq, a large group of technologies, gained 2.02% .
Today chip maker's shares had lost 1.85% over the past month, behind gains in the IT & Technology sector of 2.44% and those of the S & P 500 by 1.5% over the past year. this period.
Investors hope that MU will find its strength in the approach of the publication of its results, which should take place on March 20, 2019. In this report, analysts expect that MU will post a profit of 1 $ 75 per share. This would mark a drop of one year on the other of 37.94%. At the same time, Zacks' estimated consensus revenue forecasts net sales of $ 5.97 billion, down 18.84% from the same period last year.
For the full year, our consensus estimates of Zacks expect a profit of $ 7.67 per share and a turnover of $ 25.52 billion, which would represent variations of -35.82% and – 16.03% compared to the previous year.
Investors may also notice recent changes in analyst estimates for MU. These revisions generally reflect the latest short-term business trends, which can change frequently. As a result, we can interpret the revisions of positive estimates as a positive sign of the company's business outlook.
Based on our research, we believe that these revisions are directly related to stock movements near the teams. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes into account these estimation changes and provides a clear and usable scoring model.
The Zacks ranking system, which ranges from # 1 (strong buy) to # 5 (strong sell), has an impressive history of unaudited outperformance, with # 1 stocks generating an average annual return of + 25% since 1988. In the last 30 days, our consensus EPS projection has decreased by 0.55%. MU currently holds a # 4 Zacks rank (sale).
In terms of valuation, MU is currently trading at a P / E ratio of 5.04. In comparison, his sector has an average P / E Forward of 5.04, which means that MU trades with a non-perceptible gap to the group.
Investors should also note that MU has a PEG ratio of 0.79 at the moment. This popular measure is similar to the well-known P / E ratio, with the difference that the PEG ratio also takes into account the expected earnings growth rate of the company. The solid-state memory industry currently has an average PEG ratio of 0.79 at yesterday's close.
The semiconductor memory sector is part of the Computer and Technology sector. The ranking of this industry in the Zacks sector is currently 247, which places it in the last 4% of 250 industries and more.
The Zacks Industry Ranking measures the strength of our industry groups by measuring the average Zacks ranking of individual actions within groups. Our research shows that the 50% of the top rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all these stock transfer steps, and more, on Zacks.com.
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Do you want to know the latest Zacks Investment Research recommendations? Today, you can download 7 best actions for the next 30 days. Click to get this free report
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Micron Technology, Inc. (MU): Free Stock Analysis Report
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Do you want to know the latest Zacks Investment Research recommendations? Today, you can download 7 best actions for the next 30 days. Click to get this free report
Micron Technology, Inc. (MU): Free Stock Analysis Report
To read this article on Zacks.com, click here.
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