$MU “We believe the worst-case ASP and margin profile is now dialed into expectations, with increased prospects of a meaningful recovery in revenues in the latter part of 2020, which combined with significant operating leverage should help the company to exit FY20 with at least $0.65 of quarterly earnings and on the path to well more than $2 of earnings exiting FY21,” Hosseini said. Micron is set to report first-quarter earnings Dec. 18, and Hosseini said he anticipates in-line results.