Micron Technology, Inc. (NASDAQ: MU)
Micron is scheduled to release its earnings report for the second fiscal quarter of 2015 tomorrow. While there’s a bit of a debate on the boards about whether or not the report will be positive, by the growth we’re seeing in the stock today, it seems as though the majority consensus is that we are going to see good things.
Looking For Clues In Last Quarter’s Results
When I attempt to predict whether or not we’ll see a positive earnings report, I tend to look to the last quarter for a gauge of recent earnings activity from the company. In this particular case, results for the first fiscal quarter of 2015 were mixed. Overall, the news was good as the company posted surprise earnings, but there was some bad news in the fact that total revenue was a bit of a miss.
MU Has Made Some Big Moves This Quarter
One thing that we have to take into account is the fact that Micron Technology has made a few big moves this quarter. One of the biggest being their collaboration with Intel; which allows them to reach a much broader audience. This should surely prove to be profitable on the earnings report.
The Negative Side Of The Coin
On another note, some analysts have a negative view of what we are going to see in tomorrow’s earnings report. Their argument is simple. They believe that the company is struggling is growth, and they made that fact apparent by missing earnings last quarter.
What We Should See From MU Earnings
I think the earnings report will be positive overall. While last quarter’s results did show a revenue miss, the company surprised investors by passing out profits. Also, with the Intel partnership, I’m definitely expecting to see the growth problem under control.
How MU Stock Is Moving Today
Micron Technology stock has great upward momentum today. Currently (12:20), it’s trading at $26.98 per share after a gain of 1.12%; and should continue to rise.
What Do You Think?
What do you think we’re going to see from the MU earnings report? Let us know in the comments below!