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Advanced Micro Devices (AMD) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, Advanced Micro Devices (AMD - Free Report) closed at $25.97, marking a -1.52% move from the previous day. This change lagged the S&P 500's 0.08% loss on the day. At the same time, the Dow added 0.06%, and the tech-heavy Nasdaq lost 0.07%.
Coming into today, shares of the chipmaker had gained 10.24% in the past month. In that same time, the Computer and Technology sector gained 3.22%, while the S&P 500 gained 0.52%.
Wall Street will be looking for positivity from AMD as it approaches its next earnings report date. In that report, analysts expect AMD to post earnings of $0.05 per share. This would mark a year-over-year decline of 54.55%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.26 billion, down 23.78% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.64 per share and revenue of $6.79 billion, which would represent changes of +39.13% and +4.82%, respectively, from the prior year.
Any recent changes to analyst estimates for AMD should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. AMD is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, AMD is holding a Forward P/E ratio of 40.94. Its industry sports an average Forward P/E of 17.66, so we one might conclude that AMD is trading at a premium comparatively.
Investors should also note that AMD has a PEG ratio of 1.47 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. AMD's industry had an average PEG ratio of 1.48 as of yesterday's close.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 209, which puts it in the bottom 19% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Advanced Micro Devices (AMD) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Advanced Micro Devices (AMD - Free Report) closed at $25.97, marking a -1.52% move from the previous day. This change lagged the S&P 500's 0.08% loss on the day. At the same time, the Dow added 0.06%, and the tech-heavy Nasdaq lost 0.07%.
Coming into today, shares of the chipmaker had gained 10.24% in the past month. In that same time, the Computer and Technology sector gained 3.22%, while the S&P 500 gained 0.52%.
Wall Street will be looking for positivity from AMD as it approaches its next earnings report date. In that report, analysts expect AMD to post earnings of $0.05 per share. This would mark a year-over-year decline of 54.55%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.26 billion, down 23.78% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.64 per share and revenue of $6.79 billion, which would represent changes of +39.13% and +4.82%, respectively, from the prior year.
Any recent changes to analyst estimates for AMD should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. AMD is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, AMD is holding a Forward P/E ratio of 40.94. Its industry sports an average Forward P/E of 17.66, so we one might conclude that AMD is trading at a premium comparatively.
Investors should also note that AMD has a PEG ratio of 1.47 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. AMD's industry had an average PEG ratio of 1.48 as of yesterday's close.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 209, which puts it in the bottom 19% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.