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Home Earnings Analysis Tech Summary Micron enters Q4 earnings with expectations already extremely high, so a headline beat may not be enough. Forward guidance, HBM demand, pricing, and margins will matter more. The key structural change is the combination of HBM and Strategic Customer Agreements, which could raise Micron’s through-cycle earnings floor and reduce the severity of future memory downturns.
The most compelling signal is valuation: MU’s share price has surged while its forward P/E has fallen toward 6.7x, meaning earnings estimates are rising even faster than the stock. I remain Strong Buy. The first technical objective is $1,200-$1,255; above $1,255, a longer-term move toward $1,900-$2,000 becomes increasingly credible.
JHVEPhoto/iStock Editorial via Getty Images The market now demands almost perfection Micron Technology ( MU ) will release quarterly earnings on September 30 . The consensus is for MU to generate approximately $51.3B in revenue, EPS of approximately $31.6 per share, and a gross 5.67K Followers Analyst’s Disclosure: I/we have a beneficial long position in the shares of MU either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions.
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Source: Seeking Alpha
