On Tuesday June 25 after markets close, investors receive the latest quarterly results from Micron Technology Stock (MU). Analysts have adjusted their earnings expectations numerous times over the past quarter but if they are even remotely correct the results could be dismal for Micron Technology Stock (MU).
The average consensus is now down to 81 cents a share where last year earnings were $3.15 a share for the third quarter. Revenue is now estimated to be $4.7 billion almost half of last year’s $7.8 billion. If Micron beats estimates the stock could pop, but if they fail to meet estimates or give poor forward guidance the stock could collapse.
Micron Technology Stock (MU) Analysis and Upcoming Trade Ideas
This strategy article looks at the stock before earnings along with anticipated earnings. It outlines the trades I am planning to enter both prior and after earnings are released as well as after. There are trades planned for an earnings beat and an earnings miss.
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk.
