Micron Release Earnings Tomorrow and Kroger To Hold Virtual Investor Conference
Micron Technology, Inc. is an American producer of computer memory and computer data storage including dynamic random-access memory, flash memory, and USB flash drives. Micron is at the forefront of the technology sector based on the aforementioned, a sector that hasn’t been doing so hot lately with the NASDAQ down 3.89% this past month.
Despite this, Micron sees potential opportunity with the growing 5G market as their dynamic random-access memory (DRAM) chips are widely used in smartphones, thus, higher 5G production can boost Micron’s business. This week on March 31st, Micron will be releasing their earnings. Micron is expected to see revenue growth of close to 30% year-on-year to around $6.2 billion. Over the last four quarters, the company has delivered solid earnings of over 10%.
Kroger is the United States’ largest supermarket by revenue, and the second-largest general retailer. The Pandemic wasn’t too bad for Kroger, in fact, Kroger’s total sales increased 8.4% to $132.5 billion in 2020. This comes in large part due to online shopping, with Kroger’s total digital sales more than doubling – growing by 116%.
On Wednesday, March 31, 2021 09:00 AM ET, Kroger will be hosting their 2021 Virtual Investor Conference. At the conference, Kroger executives will provide an update on strategic initiatives and host a question-and-answer session after the presentations. This is an opportunity for investors to learn about the company and helpful investment knowledge.
Kroger has said it expects to earn between $2.75 and $2.95 per share in 2021. This is an improvement from the $2.69 consensus estimate.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.