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Will These Numbers from Micron Technology Be Good Enough for You?

By Seth Jayson – Updated Apr 7, 2017 at 11:47AM

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Checking expectations

Micron Technology (Nasdaq: MU) is expected to report Q4 earnings around Sep. 28. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Micron Technology's revenues will grow 0.0% and EPS will remain in the red.

The average estimate for revenue is $2.14 billion. On the bottom line, the average EPS estimate is -$0.21.

Revenue details
Last quarter, Micron Technology recorded revenue of $2.17 billion. GAAP reported sales were 1.5% higher than the prior-year quarter's $2.14 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, EPS came in at -$0.32. GAAP EPS were -$0.32 for Q3 compared to $0.07 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 10.8%, 1,150 basis points worse than the prior-year quarter. Operating margin was -7.8%, 1,600 basis points worse than the prior-year quarter. Net margin was -14.7%, 1,820 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $8.41 billion. The average EPS estimate is -$0.97.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,152 members out of 1,291 rating the stock outperform, and 139 members rating it underperform. Among 213 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 184 give Micron Technology a green thumbs-up, and 29 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Micron Technology is outperform, with an average price target of $10.45.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Stocks Mentioned

Micron Technology, Inc. Stock Quote
Micron Technology, Inc.
MU
$50.10 (0.89%) $0.44

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