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Technology Stocks : Semi Equipment Analysis

SOXX 316.33

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Dec 10 4:00 PM EST

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To: Sam who wrote (85239)

6/25/2020 9:25:07 PM

From: Sam

1 Recommendation Read Replies (1) of 95549

Micron Technology Inc:Profits of 77 cents per share anticipated for third quarter

Reuters June 25, 2020 04:15:00 PM ET

25 June 202008:15 p.m. GMT all figures in US Dollars. Micron Technology Inc is expected to show a decrease in its second quarter earnings to 77 cents per share according to the mean Refinitiv estimate from twenty two analysts. Wall Street expects results to range from 71 cents to 81 cents per share.

RECOMMENDATIONS

* The consensus recommendation for the company is "Buy". This includes six "Strong Buy", twenty one "Buy", eight "Hold", one "Strong Sell".

* The average consensus recommendation for the semiconductors peer group is also "Buy".

FORECAST CHANGES

* Thirty one analysts are currently providing Refinitiv with estimates.

* In the last week there have been no negative revisions of earnings estimates and three analysts have revised earnings estimates upward. There were no changes to the number of estimates.

* In the last four weeks the earnings per share estimate has risen by 39.14 percent from 56 cents. Estimates ranged from a high of 80.00 cents to a low of 46 cents. There has been no changes to the number of estimates.

* The StarMine predicted earnings surprise is is too low to be considered statistically significant. Predicted revenue surprise is too low to be significant.

* The average price target from the thirty one analysts providing estimates is $62.46.

YEAR OVER YEAR

* The company is expected to report a rise in revenue to $5.32 billion from $4.79 billion in the same quarter last year.

* The current quarter consensus estimate of 77 cents per share implies a loss of 26.25 percent from the same quarter last year when the company reported $1.05 per share.

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