Semiconductor firm Micron Know-how MU is ready to report third-quarter monetary outcomes after market shut Wednesday.Listed below are the earnings estimates, what analysts are saying and key objects to look at.Earnings Estimates: Analysts count on Micron to report third-quarter income of $6.63 billion, based on knowledge from Benzinga Professional.The income estimate can be an enchancment from $3.75 billion reported in final 12 months’s third quarter. Micron has crushed analysts’ income estimates in 4 straight quarters and 7 of the final 10 quarters total.Analysts count on Micron to report third-quarter earnings per share of 49 cents, in comparison with a lack of $1.43 in final 12 months’s third quarter. The corporate has crushed earnings estimates in 4 straight quarters and eight of the final 10 quarters.Firm steerage requires third-quarter income to be $6.6 billion, plus of minus $200 million and earnings per share to be 38 cents to 52 cents based on estimates given throughout the second quarter outcomes.Associated Hyperlink: Silvaco Group Inks Offers With Micron, Key Japanese Buyer: Earnings Had been ‘2x Our Forecast,’ Analysts SayWhat Analysts Are Saying: Micron has been getting numerous analyst updates and value goal modifications forward of the third quarter earnings report.Increased common promoting costs for the third quarter may very well be a key merchandise to look at based on Wedbush analyst Matt Bryson.The analyst has an Outperform score and raised the value goal just lately from $130 to $170.Bryson expects Micron to beat estimates from analysts and lift steerage. The analyst noticed Micron’s common promoting costs, income, margins and earnings per share all trending increased.”We count on solely constructive information for MU’s financials for a while to return, and count on the inventory will proceed to elevate till we see a change in trade funding plans,” Bryson mentioned.A 3rd-quarter beat-and-raise can also be anticipated by Rosenblatt analyst Hans Mosesmann.The analyst has a Purchase score and $225 value goal on Micron.Mosesmann sees growing demand for synthetic intelligence purposes persevering with in Micron’s third quarter and several other constructive traits persevering with into 2026 and 2027.  Listed below are different analyst scores on Micron and their value targets:Morgan Stanley: Equal-weight score, raised value goal from $130 to $140Citi: Purchase score, raised rice goal from $150 to $175Baird: Outperform score, raised value goal from $150 to $172Raymond James: Outperform score, raised value goal from $130 to $160Wolfe Analysis: Outperform score, raised value goal from $150 to $200Key Objects to Watch: Micron is among the many firms benefitting from development within the synthetic intelligence sector.”Our preeminent product portfolio positions us effectively to ship a powerful fiscal second half of 2024. We consider Micron is among the greatest beneficiaries within the semiconductor trade of the multi-year alternative enabled by AI,” Micron CEO Sanjay Mehrota mentioned after second-quarter outcomes.Buyers will seemingly be in search of an replace on buyer demand and AI development throughout the quarterly outcomes.A current Bloomberg report mentioned Micron is going through building delays for a manufacturing unit web site in New York. The delays have pushed the groundbreaking into 2025. The undertaking may assist Micron improve home chip manufacturing.Micron may share an replace on this current delay and different manufacturing initiatives that would influence future development.MU Worth Motion: Micron shares closed Tuesday at $141.12 versus a 52-week buying and selling vary of $60.50 to $157.54. Micron inventory is up 113% during the last 12 months and up over 60% year-to-date in 2024.Learn Subsequent: The ‘AI Massive 10’: 10 AI Shares Now Comprise 28% Of S&P 500, Up From 14% In 2023Photo: NPS_87 on Shutterstock