Citi lowers Micron Q4 estimates slightly due to high inventory

Sep 17, 2024 · Citi slightly lowered its full-year 2024 sales estimate for Micron to $24.9B from $25.1B. However, Citi reiterated its Buy rating on the stock, but lowered its price target to $150 …

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Citi Lowers Micron Q4 Estimates Slightly Due To High Inventory

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Micron Q4 Estimates Slightly Lowered Due To High Inventory: Citi

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Citi slightly lowered its full-year 2024 sales estimate for Micron to $24.9B from $25.1B. However, Citi reiterated its Buy rating on the stock, but lowered its price target to $150 from $175.

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Here's What Wall Street Experts Say About Micron Ahead Of …

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Sep 25, 2024 · The analyst believes the expectations for November quarter guidance from buy-side investors are roughly in line or slightly below Citi's newly revised estimates of $8.0B on …

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Micron Earnings: Citi Says 80% Of Investors Bearish Ahead Of Q4 …

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Sep 23, 2024 · As Micron Technology (MU) approaches its Q4 earnings report on Wednesday, Sept. 25, investor sentiment is overwhelmingly negative, according to a Wall Street brokerage. …

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Citi Expects Micron To Report Results Slightly Below Consensus

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Dec 16, 2024 · Citi analyst Christopher Danely reiterates a Buy rating on Micron (MU) with a $150 price target ahead of the company’s fiscal Q1 results on December 18. The firm expects the …

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What 7 Analysts Think Of Micron Technology's Q4: Excess …

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Micron Technology ended the quarter with inventory at 170 days, “with $1B of strategic inventory and expectations of improving inventory levels through 1HF24E after inventory dollars rose …

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Citi Affirms Strong Outlook For Micron Amidst Inventory Challenges

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Sep 26, 2024 · Citi has recently reaffirmed its optimistic position regarding Micron Technology (NASDAQ: MU), upholding a Buy rating along with a price target of $150.00. This decision …

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Micron’s Stock Is Down 30% In A Month. Why Citi Says To ‘double …

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Aug 8, 2024 · The Ratings Game Micron’s stock is down 30% in a month. Why Citi says to ‘double down’ and buy. Citi analyst expects continued pricing benefits due to tight supply in the market …

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Citi Stays Bullish On Chips Despite Sell-off; Micron Remains Top Pick

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Consensus estimates fell 11% during earnings, due in large part to weakness from Intel and some concerns from GlobalFoundries , Microchip and NXP Semiconductors , as the analog inventory ...

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Micron Q4 Sales Slump Amid Weakened Demand And Forecasts

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Sep 30, 2022 · Micron Technology announced record sales of US$30.8 billion for the entire fiscal 2022, which ended September 1, 2022. However, Q4 sales declined 23% quarter-on-quarter …

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Should You Buy, Sell Or Hold Micron Stock Ahead Of Q4 Earnings?

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Sep 23, 2024 · Meanwhile, Micron estimates adjusted earnings of $1.08 (+/-8 cents). The consensus mark for the bottom line has been revised upward by 2 cents to $1.10 per share …

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Citigroup Q4 Earnings Beat, Revenues Match Estimates, Stock Up

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2 days ago · Citigroup Inc.’s C fourth-quarter 2024 adjusted net income per share of $1.34 surpassed the Zacks Consensus Estimate of $1.25. The company had incurred a loss of $1.16 …

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Micron's Price Target Cut Ahead Of Earnings, But Wedbush Keeps …

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Sep 25, 2024 · Wedbush reduces Micron Technology's price target to $140 from $170 ahead of Q4 earnings, citing challenges in memory market; maintains Outperform rating.

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FAQs about Citi lowers Micron Q4 estimates slightly due to high inventory Coupon?

How will Citi's micron perform in the fourth quarter?

For the fourth quarter, Citi expects Micron to report earnings per share of $0.89 and revenue of $7.5B. These estimates are below the consensus, which expects earnings per share of $1.11 on revenue of $7.65B, which would represent quarter-over-quarter growth of 12%. ...

Why did Citi Research lower its estimates for tough competition Micron Technology?

Tough Competition Micron Technology (NASDAQ:MU) is scheduled to release its fourth quarter and full-year fiscal 2024 results next Wednesday, prompting Citi Research to slightly lower its estimates due to an inventory build of dynamic random access memory, or DRAM. ...

Will Micron Technology (Mu) release Q4 results?

Play(2min) knowlesgallery/iStock Editorial via Getty Images Micron Technology (NASDAQ:MU) is scheduled to release its fourth-quarter and full-year fiscal 2024 results next Wednesday, prompting Citi Research to slightly lower its estimates due to an inventory build of dynamic random access memory, or DRAM. ...

Will micron's revenue and gross margins increase in Q4?

"More importantly, we expect Micron's revenue and gross margins to increase for the next several quarters." For the fourth quarter, Citi expects Micron to report earnings per share of $0.89 and revenue of $7.5B. ...

How much will micron earn in Q4?

A consensus of analysts expect Micron to earn $1.11 per share on $7.64B in revenue for the upcoming fiscal fourth-quarter, slated to be released on Sept. 25 after the close of trading. Have a tip? to our News team. Found a factual error? ...

What to expect from Micron Technology's fourth-quarter earnings?

UPDATE—Sept. 25, 2024: This article has been updated to reflect more recent analyst estimates and share price information. Micron Technology will report fiscal fourth-quarter earnings after the bell Wednesday. Analysts expect the memory chip maker and Nvidia partner to swing to a profit and post higher revenue year-over-year. ...