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Advanced Micro Devices (AMD) Falls More Steeply Than Broader Market: What Investors Need to Know
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Advanced Micro Devices (AMD - Free Report) ended the recent trading session at $197.74, demonstrating a -3.46% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 1.52%. On the other hand, the Dow registered a loss of 1.56%, and the technology-centric Nasdaq decreased by 1.78%.
The chipmaker's shares have seen a decrease of 4.1% over the last month, not keeping up with the Computer and Technology sector's loss of 1.66% and the S&P 500's loss of 2.25%.
The upcoming earnings release of Advanced Micro Devices will be of great interest to investors. It is anticipated that the company will report an EPS of $1.27, marking a 32.29% rise compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $9.84 billion, indicating a 32.32% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $6.61 per share and a revenue of $45.37 billion, signifying shifts of +58.51% and +30.98%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications 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 business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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, there's been a 0.15% rise in the Zacks Consensus EPS estimate. As of now, Advanced Micro Devices holds a Zacks Rank of #3 (Hold).
From a valuation perspective, Advanced Micro Devices is currently exchanging hands at a Forward P/E ratio of 30.98. Its industry sports an average Forward P/E of 20.72, so one might conclude that Advanced Micro Devices is trading at a premium comparatively.
It is also worth noting that AMD currently has a PEG ratio of 0.66. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. AMD's industry had an average PEG ratio of 0.76 as of yesterday's close.
The Computer - Integrated Systems industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 32, positioning it in the top 14% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Advanced Micro Devices (AMD) Falls More Steeply Than Broader Market: What Investors Need to Know
Advanced Micro Devices (AMD - Free Report) ended the recent trading session at $197.74, demonstrating a -3.46% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 1.52%. On the other hand, the Dow registered a loss of 1.56%, and the technology-centric Nasdaq decreased by 1.78%.
The chipmaker's shares have seen a decrease of 4.1% over the last month, not keeping up with the Computer and Technology sector's loss of 1.66% and the S&P 500's loss of 2.25%.
The upcoming earnings release of Advanced Micro Devices will be of great interest to investors. It is anticipated that the company will report an EPS of $1.27, marking a 32.29% rise compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $9.84 billion, indicating a 32.32% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $6.61 per share and a revenue of $45.37 billion, signifying shifts of +58.51% and +30.98%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications 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 business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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, there's been a 0.15% rise in the Zacks Consensus EPS estimate. As of now, Advanced Micro Devices holds a Zacks Rank of #3 (Hold).
From a valuation perspective, Advanced Micro Devices is currently exchanging hands at a Forward P/E ratio of 30.98. Its industry sports an average Forward P/E of 20.72, so one might conclude that Advanced Micro Devices is trading at a premium comparatively.
It is also worth noting that AMD currently has a PEG ratio of 0.66. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. AMD's industry had an average PEG ratio of 0.76 as of yesterday's close.
The Computer - Integrated Systems industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 32, positioning it in the top 14% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.