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Advanced Micro Devices (AMD) Dips More Than Broader Markets: What You Should Know
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Advanced Micro Devices (AMD - Free Report) closed the most recent trading day at $118.93, moving -0.96% from the previous trading session. This change lagged the S&P 500's 0.47% loss on the day. Elsewhere, the Dow lost 0.72%, while the tech-heavy Nasdaq lost 5.08%.
Coming into today, shares of the chipmaker had gained 11.19% in the past month. In that same time, the Computer and Technology sector gained 8.33%, while the S&P 500 gained 5.36%.
Investors will be hoping for strength from Advanced Micro Devices as it approaches its next earnings release. In that report, analysts expect Advanced Micro Devices to post earnings of $0.57 per share. This would mark a year-over-year decline of 45.71%. Meanwhile, our latest consensus estimate is calling for revenue of $5.32 billion, down 18.73% from the prior-year quarter.
AMD's full-year Zacks Consensus Estimates are calling for earnings of $2.83 per share and revenue of $22.97 billion. These results would represent year-over-year changes of -19.14% and -2.66%, respectively.
Investors might also notice recent changes to analyst estimates for Advanced Micro Devices. These revisions help to show the ever-changing nature of 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. The Zacks Consensus EPS estimate remained stagnant within the past month. Advanced Micro Devices is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Advanced Micro Devices is holding a Forward P/E ratio of 42.44. This represents a premium compared to its industry's average Forward P/E of 27.03.
It is also worth noting that AMD currently has a PEG ratio of 6.96. 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 industry currently had an average PEG ratio of 5.04 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 203, which puts it in the bottom 20% 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.
To follow AMD in the coming trading sessions, be sure to utilize Zacks.com.
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Advanced Micro Devices (AMD) Dips More Than Broader Markets: What You Should Know
Advanced Micro Devices (AMD - Free Report) closed the most recent trading day at $118.93, moving -0.96% from the previous trading session. This change lagged the S&P 500's 0.47% loss on the day. Elsewhere, the Dow lost 0.72%, while the tech-heavy Nasdaq lost 5.08%.
Coming into today, shares of the chipmaker had gained 11.19% in the past month. In that same time, the Computer and Technology sector gained 8.33%, while the S&P 500 gained 5.36%.
Investors will be hoping for strength from Advanced Micro Devices as it approaches its next earnings release. In that report, analysts expect Advanced Micro Devices to post earnings of $0.57 per share. This would mark a year-over-year decline of 45.71%. Meanwhile, our latest consensus estimate is calling for revenue of $5.32 billion, down 18.73% from the prior-year quarter.
AMD's full-year Zacks Consensus Estimates are calling for earnings of $2.83 per share and revenue of $22.97 billion. These results would represent year-over-year changes of -19.14% and -2.66%, respectively.
Investors might also notice recent changes to analyst estimates for Advanced Micro Devices. These revisions help to show the ever-changing nature of 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. The Zacks Consensus EPS estimate remained stagnant within the past month. Advanced Micro Devices is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Advanced Micro Devices is holding a Forward P/E ratio of 42.44. This represents a premium compared to its industry's average Forward P/E of 27.03.
It is also worth noting that AMD currently has a PEG ratio of 6.96. 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 industry currently had an average PEG ratio of 5.04 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 203, which puts it in the bottom 20% 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.
To follow AMD in the coming trading sessions, be sure to utilize Zacks.com.