We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Advanced Micro Devices (AMD) Beats Stock Market Upswing: What Investors Need to Know
Read MoreHide Full Article
Advanced Micro Devices (AMD - Free Report) ended the recent trading session at $140.15, demonstrating a +0.9% swing from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily gain of 0.59%. At the same time, the Dow added 0.68%, and the tech-heavy Nasdaq gained 0.66%.
The chipmaker's shares have seen an increase of 14.29% over the last month, surpassing the Computer and Technology sector's gain of 4.11% and the S&P 500's gain of 5.16%.
Market participants will be closely following the financial results of Advanced Micro Devices in its upcoming release. The company is predicted to post an EPS of $0.77, indicating a 11.59% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $6.11 billion, indicating a 9.2% upward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.65 per share and a revenue of $22.63 billion, indicating changes of -24.29% and -4.13%, respectively, from the former year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Advanced Micro Devices. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. At present, Advanced Micro Devices boasts a Zacks Rank of #3 (Hold).
Looking at valuation, Advanced Micro Devices is presently trading at a Forward P/E ratio of 52.44. This expresses a premium compared to the average Forward P/E of 28.03 of its industry.
We can also see that AMD currently has a PEG ratio of 4.08. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Electronics - Semiconductors stocks are, on average, holding a PEG ratio of 4.09 based on yesterday's closing prices.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 191, which puts it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Advanced Micro Devices (AMD) Beats Stock Market Upswing: What Investors Need to Know
Advanced Micro Devices (AMD - Free Report) ended the recent trading session at $140.15, demonstrating a +0.9% swing from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily gain of 0.59%. At the same time, the Dow added 0.68%, and the tech-heavy Nasdaq gained 0.66%.
The chipmaker's shares have seen an increase of 14.29% over the last month, surpassing the Computer and Technology sector's gain of 4.11% and the S&P 500's gain of 5.16%.
Market participants will be closely following the financial results of Advanced Micro Devices in its upcoming release. The company is predicted to post an EPS of $0.77, indicating a 11.59% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $6.11 billion, indicating a 9.2% upward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.65 per share and a revenue of $22.63 billion, indicating changes of -24.29% and -4.13%, respectively, from the former year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Advanced Micro Devices. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. At present, Advanced Micro Devices boasts a Zacks Rank of #3 (Hold).
Looking at valuation, Advanced Micro Devices is presently trading at a Forward P/E ratio of 52.44. This expresses a premium compared to the average Forward P/E of 28.03 of its industry.
We can also see that AMD currently has a PEG ratio of 4.08. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Electronics - Semiconductors stocks are, on average, holding a PEG ratio of 4.09 based on yesterday's closing prices.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 191, which puts it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.