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Ahead of Advanced Micro (AMD) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics
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Wall Street analysts expect Advanced Micro Devices (AMD - Free Report) to post quarterly earnings of $0.67 per share in its upcoming report, which indicates a year-over-year increase of 15.5%. Revenues are expected to be $5.71 billion, up 6.5% from the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 0.2% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific Advanced Micro metrics that are routinely monitored and predicted by Wall Street analysts.
According to the collective judgment of analysts, 'Net revenue- Data Center' should come in at $2.78 billion. The estimate points to a change of +110.4% from the year-ago quarter.
Analysts predict that the 'Net revenue- Embedded' will reach $845.89 million. The estimate indicates a year-over-year change of -42%.
The collective assessment of analysts points to an estimated 'Net revenue- Gaming' of $657.24 million. The estimate indicates a year-over-year change of -58.4%.
Analysts forecast 'Net revenue- Client' to reach $1.42 billion. The estimate indicates a year-over-year change of +42.7%.
Shares of Advanced Micro have demonstrated returns of -8.2% over the past month compared to the Zacks S&P 500 composite's -0.3% change. With a Zacks Rank #3 (Hold), AMD is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Ahead of Advanced Micro (AMD) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Wall Street analysts expect Advanced Micro Devices (AMD - Free Report) to post quarterly earnings of $0.67 per share in its upcoming report, which indicates a year-over-year increase of 15.5%. Revenues are expected to be $5.71 billion, up 6.5% from the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 0.2% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific Advanced Micro metrics that are routinely monitored and predicted by Wall Street analysts.
According to the collective judgment of analysts, 'Net revenue- Data Center' should come in at $2.78 billion. The estimate points to a change of +110.4% from the year-ago quarter.
Analysts predict that the 'Net revenue- Embedded' will reach $845.89 million. The estimate indicates a year-over-year change of -42%.
The collective assessment of analysts points to an estimated 'Net revenue- Gaming' of $657.24 million. The estimate indicates a year-over-year change of -58.4%.
Analysts forecast 'Net revenue- Client' to reach $1.42 billion. The estimate indicates a year-over-year change of +42.7%.
View all Key Company Metrics for Advanced Micro here>>>
Shares of Advanced Micro have demonstrated returns of -8.2% over the past month compared to the Zacks S&P 500 composite's -0.3% change. With a Zacks Rank #3 (Hold), AMD is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>