Micron Earnings Preview: "Sentiment Is 11/10"

Micron, which is report earnings after the bell, has become one of the most important stocks in the world. The price has risen explosively recently, adding more than 260% this year. Yet the frenzy that drove it higher is looking extremely fragile, meaning there’s a lot riding on today’s earnings report.

Before we drill down, here is a snapshot of what Wall Street sellside consensus expects for the current May, or fiscal Q3 quarter: