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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 $201.06 in the latest trading session, marking a +1.49% move from the prior day. This move outpaced the S&P 500's daily gain of 0.79%. At the same time, the Dow added 0.14%, and the tech-heavy Nasdaq gained 1.38%.
Shares of the chipmaker have depreciated by 11.38% over the course of the past month, underperforming the Computer and Technology sector's loss of 0.85%, and the S&P 500's gain of 0.87%.
The investment community will be closely monitoring the performance of Advanced Micro Devices in its forthcoming earnings report. In that report, analysts expect Advanced Micro Devices to post earnings of $1.31 per share. This would mark year-over-year growth of 20.18%. Meanwhile, our latest consensus estimate is calling for revenue of $9.64 billion, up 25.88% from the prior-year quarter.
AMD's full-year Zacks Consensus Estimates are calling for earnings of $3.96 per share and revenue of $33.94 billion. These results would represent year-over-year changes of +19.64% and +31.61%, respectively.
Any recent changes to analyst estimates for Advanced Micro Devices should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
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 0.14% lower within the past month. Advanced Micro Devices is holding a Zacks Rank of #3 (Hold) right now.
With respect to valuation, Advanced Micro Devices is currently being traded at a Forward P/E ratio of 49.99. This indicates a premium in contrast to its industry's Forward P/E of 24.24.
We can additionally observe that AMD currently boasts a PEG ratio of 1.16. 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 1.06 as of yesterday's close.
The Computer - Integrated Systems industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 20, putting it in the top 9% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming 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 $201.06 in the latest trading session, marking a +1.49% move from the prior day. This move outpaced the S&P 500's daily gain of 0.79%. At the same time, the Dow added 0.14%, and the tech-heavy Nasdaq gained 1.38%.
Shares of the chipmaker have depreciated by 11.38% over the course of the past month, underperforming the Computer and Technology sector's loss of 0.85%, and the S&P 500's gain of 0.87%.
The investment community will be closely monitoring the performance of Advanced Micro Devices in its forthcoming earnings report. In that report, analysts expect Advanced Micro Devices to post earnings of $1.31 per share. This would mark year-over-year growth of 20.18%. Meanwhile, our latest consensus estimate is calling for revenue of $9.64 billion, up 25.88% from the prior-year quarter.
AMD's full-year Zacks Consensus Estimates are calling for earnings of $3.96 per share and revenue of $33.94 billion. These results would represent year-over-year changes of +19.64% and +31.61%, respectively.
Any recent changes to analyst estimates for Advanced Micro Devices should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
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 0.14% lower within the past month. Advanced Micro Devices is holding a Zacks Rank of #3 (Hold) right now.
With respect to valuation, Advanced Micro Devices is currently being traded at a Forward P/E ratio of 49.99. This indicates a premium in contrast to its industry's Forward P/E of 24.24.
We can additionally observe that AMD currently boasts a PEG ratio of 1.16. 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 1.06 as of yesterday's close.
The Computer - Integrated Systems industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 20, putting it in the top 9% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.