Micron Earnings Preview: Analysts See Over 350% Revenue Jump As Retail Bulls Bet On Fresh Buyback - Yahoo Finance — SkimNews
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- Micron heads into its earnings report with analysts projecting a revenue jump of over 350% and retail bulls betting on a fresh buyback, according to a Yahoo Finance earnings preview.
- RBC noted that Micron trades at just 6.5x forward earnings and said SCAs could change that valuation picture.
Why it matters: Micron's earnings print tests whether the 6.5x forward earnings multiple is justified by the 350% revenue growth analysts project, while retail bulls await a fresh buyback announcement. RBC's note that SCAs could change that valuation picture makes the upcoming earnings guidance the key swing factor for the stock.
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