Micron (MU) Stock Moves -0.21%: What You Should Know
The most recent trading session ended with Micron (MU) standing at $96.18, reflecting a -0.21% shift from the previouse trading day's closing. This change was narrower than the S&P 500's daily loss of 0.56%. Meanwhile, the Dow experienced a drop of 0.58%, and the technology-dominated Nasdaq saw a decrease of 0.51%.
Shares of the chipmaker have appreciated by 25.36% over the course of the past month, outperforming the Computer and Technology sector's gain of 11.21% and the S&P 500's gain of 7.37%.
Investors will be eagerly watching for the performance of Micron in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on June 25, 2025. On that day, Micron is projected to report earnings of $1.57 per share, which would represent year-over-year growth of 153.23%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $8.81 billion, up 29.33% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.93 per share and revenue of $35.49 billion. These totals would mark changes of +433.08% and +41.34%, respectively, from last year.
Any recent changes to analyst estimates for Micron should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.4% increase. At present, Micron boasts a Zacks Rank of #3 (Hold).
Investors should also note Micron's current valuation metrics, including its Forward P/E ratio of 13.92. For comparison, its industry has an average Forward P/E of 17.25, which means Micron is trading at a discount to the group.
The Computer - Integrated Systems industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 57, which puts it in the top 24% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Micron Technology, Inc. (MU) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
16 minutes ago
- Yahoo
Nasdaq higher, stocks mixed after disappointing ADP data
US stocks (^DJI, ^IXIC, ^GSPC) ended Wednesday's session mixed — the Nasdaq Composite saw gains of 0.32% while the Dow Jones Industrial Average fell by nearly one-quarter of a point. This comes following ADP's disappointing private sector jobs data, ahead of Friday's May jobs report. Market Domination Overtime's Julie Hyman and Yahoo Finance markets and data editor Jared Blikre recap the day's market and sector moves. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. There is the closing bell on Wall Street, and now it's market domination overtime. Jared Blickre is going to be along in a moment to give us the details from today. I'm going to start with the major averages, which saw a little bit of bouncing around over the course of the session, the Dow ending the day finally in the red by more than 90 points here. I remember we got that economic data this morning. First we got ADP showing a gain of 37,000 private sector jobs last month. Now, most economists say, that doesn't really give us a lot of insight into what we'll hear from the Bureau of Labor Statistics, the official government report on Friday. Nonetheless, markets initially reacted, and then they reacted even more when later in the morning, we got the ISM services report that showed unexpected contraction in the services economies, which has been it's by far the largest part of the US economy, and it's been holding up pretty well. So that caused a little bit of concern, raised some questions about what that means for the Fed and how quickly and aggressively they will be cutting rates. The S&P 500, also, a lot of intraday volatility, finishing the day almost absolutely unchanged, and the Nasdaq hanging on to some gains, but you can see they're up a 31%. By the way, you can see on all of the charts when that ISM number came out, a brief dip before a comeback there for the Nasdaq. Jared's got a closer look at today's action. Yes, beware that soft data and good thing it's just soft. Um, Nasdaq, I'm looking at this in particular because here's a one-month chart. It broke out yesterday to a three-week new high, and it continued that today. It's not a huge breakout, but I think investors will take that because we were kind of in limbo for a little bit. Then I'm noticing two markets where which have dropped and where that's a good thing. So the first is the VIX, which is dropped to a two-week low. Again, this is a one-month chart, and we can see meeting the, uh, basically May 16th, I think it was. And then the 30-year Treasury note yield, and that is down to below 4.9%, 4.89% to be exact here. Another two-week low. So that's good news for investors that was causing some consternation last week. And let's take a look at the heat maps and see how the day's sector action panned out. XLC, that is Communication Services, finished in the number one slot, up twice what materials was in the number two slot. Real estate, number three, then healthcare, tech, industrials, all of those outperforming on the top row. To the downside, a bad day for crude oil is a bad day for energy. Also utilities down, then staples, financials, discretionary, all of those down. So the consumer sector not doing too well today, but here's the Nasdaq 100, and you can see a lot more green than red, especially in the mega caps. Meta was a standout up 3%. Tesla standout to the downside, down three and a half percent. Apple also down just a little bit there, and Nvidia still holding on to that number one market cap slot, uh, market cap slot in the upper left there, and we can see that is up to $3.461 trillion. And I'll close here on the Dow and put the percentage gains for the day back on there. And we can see a little bit of a hiccup in the consumer sector as I was saying, Walmart down two-thirds of a percent. JP Morgan slipped about eight tenths of a percent. Merk though, up one and a half percent. So bucking the trend of some of the problems that the healthcare sector has had recently with regard to their stock prices. And I will send it back to you, Josh. Thank you, Jared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24 minutes ago
- Yahoo
Algoma Steel Releases 2024 Sustainability Report
SAULT STE. MARIE, Ontario, June 04, 2025 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) ('Algoma' or 'the Company'), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced the release of its 2024 Sustainability Report (the 'Report'), covering a nine-month transition period from April 1 to December 31, 2024. The reporting period aligns with our 2024 financial reporting period, which now corresponds to a calendar year to reflect a consistent approach to our industry peer reporting. Michael Garcia, Algoma's Chief Executive Officer, commented, 'At Algoma, sustainability is not a trend—it's a strategic priority. As we are nearing the completion of our Electric Arc Furnace (EAF) project, we remain focused on operating safely, reliably, and responsibly while delivering high-quality Canadian-made steel. This transformation supports a stronger, low-carbon future for our business, our communities, and Canada's steel industry.' The 2024 Report highlights Algoma's progress across key sustainability areas. The Company advanced enterprise risk management and integrated business planning frameworks strengthening governance, oversight of sustainability performance, and operational reliability. Algoma also reinforced its commitment to workplace safety, inclusion, and community engagement—while making significant strides toward completing Canada's largest industrial decarbonization project. Once operational, the EAF is expected to reduce carbon emissions by approximately 70%, positioning Algoma to be a Canadian producer of green steel. Prepared in alignment with the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-related Financial Disclosures (TCFD), the Report underscores Algoma's ongoing commitment to transparency, accountability, and long-term value creation. The full report is available at Cautionary Statement Regarding Forward-Looking Statements This news release contains 'forward-looking information' under applicable Canadian securities legislation and 'forward-looking statements' within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, 'forward-looking statements'), including statements regarding timing of completion of the Company's EAF project and reduction in carbon emissions following completion of the EAF project, Algoma's future as a leading producer of green steel, investment in its people, and processes, and the Company's available liquidity, strategy, plans or future financial or operating performance. These forward-looking statements generally are identified by the words 'believe,' 'project,' 'expect,' 'anticipate,' 'estimate,' 'intend,' 'hope,' 'strategy,' 'future,' 'opportunity,' 'plan,' 'design,' 'pipeline,' 'may,' 'should,' 'will,' 'would,' 'will be,' 'will continue,' 'will likely result,' and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions. Many factors could cause actual future events to differ materially from the forward-looking statements in this document. Readers should also consider the other risks and uncertainties set forth in the section entitled 'Risk Factors' and 'Cautionary Note Regarding Forward-Looking Information' in Algoma's Annual Information Form, filed by Algoma with applicable Canadian securities regulatory authorities (available under the Company's SEDAR+ profile at and with the SEC, as part of Algoma's Annual Report on Form 40-F (available at as well as in Algoma's current reports with the Canadian securities regulatory authorities and SEC. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Algoma assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. About Algoma Steel Group Inc. Based in Sault Ste. Marie, Ontario, Canada, Algoma is a fully integrated producer of hot and cold rolled steel products including sheet and plate. Driven by a purpose to build better lives and a greener future, Algoma is positioned to deliver responsive, customer-driven product solutions to applications in the automotive, construction, energy, defense, and manufacturing sectors. Algoma is a key supplier of steel products to customers in North America and is the only producer of discrete plate products in Canada. Its state-of-the-art Direct Strip Production Complex ('DSPC') is one of the lowest-cost producers of hot rolled sheet steel ('HRC') in North America. Algoma is on a transformation journey, modernizing its plate mill and adopting electric arc technology that builds on the strong principles of recycling and environmental stewardship to significantly lower carbon emissions. Today Algoma is investing in its people and processes, working safely, as a team to become one of North America's leading producers of green steel. As a founding industry in their community, Algoma is drawing on the best of its rich steelmaking tradition to deliver greater value, offering North America the comfort of a secure steel supply and a sustainable future. For more information, please contact: Michael MoracaVice President – Corporate Development & TreasurerAlgoma Steel Group Inc. Phone: 705.945.3300E-mail: IR@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24 minutes ago
- Yahoo
S&P 500 Gains & Losses Today: Outlook Hits CrowdStrike Shares, Dollar Tree Stock Falls
The S&P 500 eked out a gain of less than 0.1% on Wednesday, June 4, 2025, as soft results from a private payroll report raised concerns about the job market. ON Semiconductor shares extended their move higher following the CEO's positive comments on automotive and industrial demand. Dollar Tree shares plunged as the discount retailer said tariffs could pressure its earnings this U.S. equities indexes finished Wednesday mixed after a report showed job creation by private employers hitting a two-year low in April, prompting President Donald Trump to reiterate calls for interest-rate cuts by the Federal Reserve. The S&P 500 ended the midweek session with a gain of less than 0.1%. The Nasdaq added 0.3%, but the Dow was down 0.2%, snapping a streak of four straight winning sessions for the blue-chip index. read Investopedia's full coverage of today's trading here. ON Semiconductor (ON) shares rose 6.1%, securing the top daily performance in the S&P 500. Wednesday's move higher tacked onto gains posted in the prior session after Onsemi CEO Hassan El-Khoury told a tech conference that the company is seeing signs of a recovery in demand. GlobalFoundries (GFS) said it plans to invest more than $16 billion to increase chip production in the U.S. The maker of so-called essential semiconductors said it is collaborating with companies like Apple (AAPL) and General Motors (GM) to support domestic chip manufacturing. Shares of NXP Semiconductors (NXPI), also mentioned as a partner in the U.S.-made chip initiative, gained 5.6%. GlobalFoundries shares were up 2.3%. D.R. Horton (DHI) stock gained 4.4%, and shares of other homebuilders also moved higher. A downtick in Treasury yields and Trump's renewed pressure on Fed Chair Jerome Powell to cut interest rates brightened the outlook for mortgage borrowing costs. Dollar Tree (DLTR) shares dropped 8.4%, losing the most of any S&P 500 stock on Wednesday, as the discount retailer cautioned that tariffs could weigh on profitability in the current quarter. Although its net sales, comparable-store sales, and adjusted earnings per share for the fiscal first quarter topped estimates, Dollar Tree warned that second-quarter adjusted EPS could be down as much as 50% year-over-year as the company works to alleviate tariff-related costs. An underwhelming outlook also pressured shares of CrowdStrike Holdings (CRWD), which sank 5.8% after the cybersecurity firm's quarterly revenue forecast came in below consensus estimates. Despite the guidance, several research firms boosted their price targets on CrowdStrike shares, with Deutsche Bank highlighting the need for additional cyber defenses as companies deploy more artificial intelligence applications. Bank of America analysts downgraded CrowdStrike stock to "neutral," citing a high valuation and an expectation for revenue growth to taper off of the next few years. Constellation Energy (CEG) stock slipped 4.3%. Although the shares initially surged following Constellation's announcement of a 20-year deal to sell nuclear power to Facebook parent Meta Platforms (META), they failed to hold on to those gains. Citi analysts downgraded Constellation Energy stock to "neutral" from "buy," citing limited upside following the recent rally and noting that the Meta agreement could have implications for future power contract negotiations. Read the original article on Investopedia Sign in to access your portfolio
