In the most recent trading session, Advanced Micro Devices (AMD) closed at $ 82.15, a move of -1.04% from the previous day. This change weakened the 0.36% increase of S&P 500 on the day.
Prior to today’s trading, the chipmaker’s shares lost 4.94% in the past month. This left behind the profit of the Computer and Technology sector of 9.06% and the S&P 500 profit of 5.21% at that time.
Wall Street will be looking for positivity from AMD as it approaches its next earnings reporting date. In the report, analysts expect AMD to earn $ 0.44 per share. This will be a year-on-year growth of 144.44%. Meanwhile, our latest consensus estimate calls for revenue of $ 3.21 billion, up 79.48% from the previous quarter.
Looking at the full year, our Zacks consensus estimates suggest that analysts expect earnings of $ 1.93 per share and revenue of $ 13.47 billion. This total indicates changes of + 49.61% and + 37.96%, respectively, from last year.
It is also important to note the recent changes to the analysis estimates for AMD. These reviews help to highlight the ever-changing nature of short-term business trends. As a result, we can interpret positive estimate changes as a good sign for the company’s prospects.
Our research shows that these estimates changes are directly correlated with short-term stock prices. To take advantage of this, we developed the Zacks Rank, a proprietary model that takes these estimates into account and provides a workable rating system.
The Zacks Rank system, which ranges from # 1 (strong buy) to # 5 (strong sell), has a proven, unaudited track record of performance, with # 1 stocks averaging + 25% annually since 1988 yielded. month, the Zacks consensus estimate came to a standstill. AMD is currently a Zacks Rank # 2 (Buy).
Valuation is also important, so investors should note that AMD currently has a forward P / E ratio of 40.7. This is a premium compared to the industry’s average forward P / E of 20.92.
We can also see that AMD currently has a PEG ratio of 1.29. This measure is used similarly to the famous P / E ratio, but the PEG ratio also takes into account the expected growth rate of the stock. The electronics semiconductors maintained an average PEG ratio of 1.87 at yesterday’s closing price.
The electronics – semiconductor industry is part of the computer and technology sector. The industry currently has a Zacks Industry Rank of 109, which accounts for the top 43% of all 250+ industries.
The Zacks Industry Rank measures the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% of industries are better than the bottom half by a factor of 2 to 1.
You can find more information about all of these stats and more at Zacks.com.
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Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report
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