Advanced Micro Devices (AMD - Free Report) closed the most recent trading day at $31.36, moving -0.48% from the previous trading session. This change lagged the S&P 500's daily gain of 0.29%. Meanwhile, the Dow gained 0.17%, and the Nasdaq, a tech-heavy index, added 0.19%.
Prior to today's trading, shares of the chipmaker had gained 6.74% over the past month. This has outpaced the Computer and Technology sector's loss of 0.13% and the S&P 500's gain of 0.32% in that time.
AMD will be looking to display strength as it nears its next earnings release, which is expected to be October 29, 2019. On that day, AMD is projected to report earnings of $0.18 per share, which would represent year-over-year growth of 38.46%. Meanwhile, our latest consensus estimate is calling for revenue of $1.80 billion, up 9.07% from the prior-year quarter.
AMD's full-year Zacks Consensus Estimates are calling for earnings of $0.63 per share and revenue of $6.76 billion. These results would represent year-over-year changes of +36.96% and +4.43%, respectively.
It is also important to note the recent changes to analyst estimates for AMD. 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.
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. Within the past 30 days, our consensus EPS projection remained stagnant. AMD currently has a Zacks Rank of #3 (Hold).
Digging into valuation, AMD currently has a Forward P/E ratio of 50.15. This valuation marks a premium compared to its industry's average Forward P/E of 20.12.
Meanwhile, AMD's PEG ratio is currently 2.12. 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. The Electronics - Semiconductors was holding an average PEG ratio of 2.15 at yesterday's closing price.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 63, putting it in the top 25% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Advanced Micro Devices (AMD - Free Report) closed the most recent trading day at $31.36, moving -0.48% from the previous trading session. This change lagged the S&P 500's daily gain of 0.29%. Meanwhile, the Dow gained 0.17%, and the Nasdaq, a tech-heavy index, added 0.19%.
Prior to today's trading, shares of the chipmaker had gained 6.74% over the past month. This has outpaced the Computer and Technology sector's loss of 0.13% and the S&P 500's gain of 0.32% in that time.
AMD will be looking to display strength as it nears its next earnings release, which is expected to be October 29, 2019. On that day, AMD is projected to report earnings of $0.18 per share, which would represent year-over-year growth of 38.46%. Meanwhile, our latest consensus estimate is calling for revenue of $1.80 billion, up 9.07% from the prior-year quarter.
AMD's full-year Zacks Consensus Estimates are calling for earnings of $0.63 per share and revenue of $6.76 billion. These results would represent year-over-year changes of +36.96% and +4.43%, respectively.
It is also important to note the recent changes to analyst estimates for AMD. 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.
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. Within the past 30 days, our consensus EPS projection remained stagnant. AMD currently has a Zacks Rank of #3 (Hold).
Digging into valuation, AMD currently has a Forward P/E ratio of 50.15. This valuation marks a premium compared to its industry's average Forward P/E of 20.12.
Meanwhile, AMD's PEG ratio is currently 2.12. 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. The Electronics - Semiconductors was holding an average PEG ratio of 2.15 at yesterday's closing price.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 63, putting it in the top 25% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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