PT Watch: Micron Technology, Inc. (NASDAQ:MU), Nike, Inc. (NYSE:NKE)

Wall Street sell-side research analysts covering Micron Technology, Inc. (NASDAQ:MU) shares have recently provided various price target projections on where the stock might be going. According to them, the stock is expected to reach $38.285 on a consensus level within the next year, according to Zacks. The most bullish estimate sees the stock reaching $47 while the most conservative estimate stand at $34.

Zacks also gives an average broker rating based on the sell-side recommendations from the analysts who cover Micron Technology, Inc.. They give the company shares an ABR of 1.42. This is based on the 7 analysts taken into consideration by Zacks.

Earnings Estimates for Micron Technology, Inc. (NASDAQ:MU)

Currently, Wall Street is projecting that the firm will post $1.37 earnings per share. This consensus number is also derived from Zacks. For the most recent period which ended on 2017-02-28, Micron Technology, Inc.'s EPS was reported as $0.77. This created a “surprise factor” 0% due to being $0 apart from what Wall Street predicted. When actual numbers differ greatly from the consensus expectations, sharp movement in the stock price can often be seen in the hours or days following the report.

Investors will mark their calendars for 2017-06-29, the date when Micron Technology, Inc. (NASDAQ:MU) are expected to release their quarterly results.

Nike, Inc. (NYSE:NKE) shares have a current ABR (average broker recommendation) of 2.11. This recommendation is offered by Zacks Research. The rating lands on a sliding numerical scale from 1 to 5. A recommendation of 5 would indicate a Strong Sell, and a 1 would signify a Strong Buy. The mean rating may help provide a general sense of analyst sentiment on company shares.

Sell-side analysts taken into consideration by Zacks have also provided price target estimates on shares of Nike, Inc. (NYSE:NKE). The highest current target is $75. The lowest price target out of the polled analysts is presently $46. The consensus target price is currently noted at $59.954. Analysts may employ various techniques to help predict future stock price levels.

On the earnings front, Nike, Inc. (NYSE:NKE) is expected to post quarterly earnings per share of $0.49. This is the current consensus figure provided by Zacks. Investors and analysts will be looking for the company to next post earnings on or around 2017-06-27. Nike, Inc. (NYSE:NKE) most recently reported quarterly EPS of $0.68 for the quarter ending 2017-02-28. The gap between the actual and the projected estimate leading up to earnings created a surprise factor of 30.77%.

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