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Advanced Micro Devices (AMD) Stock Moves -1.21%: What You Should Know
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In the latest trading session, Advanced Micro Devices (AMD - Free Report) closed at $17.94, marking a -1.21% move from the previous day. This change was narrower than the S&P 500's daily loss of 1.58%. Meanwhile, the Dow lost 1.99%, and the Nasdaq, a tech-heavy index, lost 1.63%.
Prior to today's trading, shares of the chipmaker had lost 3.04% over the past month. This has lagged the Computer and Technology sector's loss of 2.81% and was narrower than the S&P 500's loss of 6.62% in that time.
Investors will be hoping for strength from AMD as it approaches its next earnings release, which is expected to be January 29, 2019. In that report, analysts expect AMD to post earnings of $0.09 per share. This would mark year-over-year growth of 12.5%. Meanwhile, our latest consensus estimate is calling for revenue of $1.45 billion, down 2.32% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.46 per share and revenue of $6.53 billion. These totals would mark changes of +170.59% and +22.52%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for AMD. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.72% lower within the past month. AMD currently has a Zacks Rank of #3 (Hold).
Digging into valuation, AMD currently has a Forward P/E ratio of 39.48. This represents a premium compared to its industry's average Forward P/E of 14.47.
Investors should also note that AMD has a PEG ratio of 2.82 right now. 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 1.23 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 81, which puts it in the top 32% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow AMD in the coming trading sessions, be sure to utilize Zacks.com.
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Advanced Micro Devices (AMD) Stock Moves -1.21%: What You Should Know
In the latest trading session, Advanced Micro Devices (AMD - Free Report) closed at $17.94, marking a -1.21% move from the previous day. This change was narrower than the S&P 500's daily loss of 1.58%. Meanwhile, the Dow lost 1.99%, and the Nasdaq, a tech-heavy index, lost 1.63%.
Prior to today's trading, shares of the chipmaker had lost 3.04% over the past month. This has lagged the Computer and Technology sector's loss of 2.81% and was narrower than the S&P 500's loss of 6.62% in that time.
Investors will be hoping for strength from AMD as it approaches its next earnings release, which is expected to be January 29, 2019. In that report, analysts expect AMD to post earnings of $0.09 per share. This would mark year-over-year growth of 12.5%. Meanwhile, our latest consensus estimate is calling for revenue of $1.45 billion, down 2.32% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.46 per share and revenue of $6.53 billion. These totals would mark changes of +170.59% and +22.52%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for AMD. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.72% lower within the past month. AMD currently has a Zacks Rank of #3 (Hold).
Digging into valuation, AMD currently has a Forward P/E ratio of 39.48. This represents a premium compared to its industry's average Forward P/E of 14.47.
Investors should also note that AMD has a PEG ratio of 2.82 right now. 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 1.23 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 81, which puts it in the top 32% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow AMD in the coming trading sessions, be sure to utilize Zacks.com.