What Can Investors Expect from Micron’s Fiscal 2Q18 Earnings?

Micron Technology (MU) stock is rallying ahead of its fiscal 2Q18 earnings as analysts raise their price targets and earnings estimates for the stock. According to a NASDAQ article, Zacks has revised Micron’s 2018 earnings estimate eight times in the last two months, and all the revisions have been upward. Mizuho Securities analyst Vijay Rakesh expects Micron to report revenue of $7.3 billion in 2Q18 compared to the consensus estimate of $7.2 billion. It increased its revenue guidance from the previous range of $6.8 billion–$7.2 billion to $7.2 billion–$7.4 billion.