Micron Technology-Micron (MU) Falls More Steeply Than Broader Market: What Investors Need to Know

Company Performance - Micron's stock closed at $103.18, reflecting a -1.13% change from the previous session, underperforming the S&P 500, which lost 0.43% [1] - Over the past month, Micron's stock has decreased by 4.46%, while the Computer and Technology sector gained 0.32% and the S&P 500 increased by 2.6% [1] Earnings Expectations - Analysts expect Micron to report earnings of$ 1.43 per share, indicating a year-over-year growth of 240.48% [2] - The consensus estimate for revenue is projected at $7.9 billion, representing a 35.6% increase from the same quarter last year [2] Fiscal Year Projections - For the entire fiscal year, earnings are projected at$ 6.72 per share and revenue at $35.22 billion, reflecting changes of +416.92% and +40.27% respectively from the prior year [3] - Recent changes to analyst estimates suggest a positive outlook for Micron's business trends [3] Valuation Metrics - Micron's current Forward P/E ratio is 15.54, which is a discount compared to the industry's average Forward P/E of 16 [6] - The Computer - Integrated Systems industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 77, placing it in the top 31% of over 250 industries [6] Analyst Ratings - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently rates Micron at 4 (Sell) [5] - Over the last 30 days, the Zacks Consensus EPS estimate has decreased by 2.7% [5]