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Advanced Micro Devices (AMD) Outpaces Stock Market Gains: What You Should Know
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Advanced Micro Devices (AMD - Free Report) closed at $31.42 in the latest trading session, marking a +1.72% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.36%. At the same time, the Dow added 0.73%, and the tech-heavy Nasdaq lost 0.11%.
Heading into today, shares of the chipmaker had gained 24.11% over the past month, outpacing the Computer and Technology sector's loss of 0.17% and the S&P 500's gain of 0.73% in that time.
Wall Street will be looking for positivity from AMD as it approaches its next earnings report date. This is expected to be October 23, 2018. In that report, analysts expect AMD to post earnings of $0.13 per share. This would mark year-over-year growth of 30%. Meanwhile, our latest consensus estimate is calling for revenue of $1.71 billion, up 3.95% from the prior-year quarter.
AMD's full-year Zacks Consensus Estimates are calling for earnings of $0.48 per share and revenue of $6.70 billion. These results would represent year-over-year changes of +182.35% and +25.63%, respectively.
Investors should also note any recent changes to analyst estimates for AMD. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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 has moved 0.88% higher. AMD is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note AMD's current valuation metrics, including its Forward P/E ratio of 65.03. This represents a premium compared to its industry's average Forward P/E of 17.91.
Also, we should mention that AMD has a PEG ratio of 4.65. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Electronics - Semiconductors stocks are, on average, holding a PEG ratio of 1.7 based on yesterday's closing prices.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 111, putting it in the top 44% of all 250+ industries.
The Zacks Industry Rank gauges 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% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Advanced Micro Devices (AMD) Outpaces Stock Market Gains: What You Should Know
Advanced Micro Devices (AMD - Free Report) closed at $31.42 in the latest trading session, marking a +1.72% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.36%. At the same time, the Dow added 0.73%, and the tech-heavy Nasdaq lost 0.11%.
Heading into today, shares of the chipmaker had gained 24.11% over the past month, outpacing the Computer and Technology sector's loss of 0.17% and the S&P 500's gain of 0.73% in that time.
Wall Street will be looking for positivity from AMD as it approaches its next earnings report date. This is expected to be October 23, 2018. In that report, analysts expect AMD to post earnings of $0.13 per share. This would mark year-over-year growth of 30%. Meanwhile, our latest consensus estimate is calling for revenue of $1.71 billion, up 3.95% from the prior-year quarter.
AMD's full-year Zacks Consensus Estimates are calling for earnings of $0.48 per share and revenue of $6.70 billion. These results would represent year-over-year changes of +182.35% and +25.63%, respectively.
Investors should also note any recent changes to analyst estimates for AMD. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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 has moved 0.88% higher. AMD is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note AMD's current valuation metrics, including its Forward P/E ratio of 65.03. This represents a premium compared to its industry's average Forward P/E of 17.91.
Also, we should mention that AMD has a PEG ratio of 4.65. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Electronics - Semiconductors stocks are, on average, holding a PEG ratio of 1.7 based on yesterday's closing prices.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 111, putting it in the top 44% of all 250+ industries.
The Zacks Industry Rank gauges 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% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.