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Advanced Micro Devices (AMD) Advances While Market Declines: Some Information for Investors
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In the latest trading session, Advanced Micro Devices (AMD - Free Report) closed at $199.46, marking a +1.6% move from the previous day. This change outpaced the S&P 500's 1.36% loss on the day. Meanwhile, the Dow lost 1.64%, and the Nasdaq, a tech-heavy index, lost 1.46%.
The chipmaker's stock has dropped by 3.33% in the past month, falling short of the Computer and Technology sector's loss of 0.24% and the S&P 500's loss of 1.76%.
Investors will be eagerly watching for the performance of Advanced Micro Devices in its upcoming earnings disclosure. The company is expected to report EPS of $1.27, up 32.29% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $9.84 billion, reflecting a 32.32% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $6.61 per share and a revenue of $45.37 billion, demonstrating changes of +58.51% and +30.98%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Advanced Micro Devices. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.14% higher. Advanced Micro Devices currently has a Zacks Rank of #3 (Hold).
With respect to valuation, Advanced Micro Devices is currently being traded at a Forward P/E ratio of 29.69. This represents a premium compared to its industry average Forward P/E of 21.23.
Also, we should mention that AMD has a PEG ratio of 0.63. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Computer - Integrated Systems stocks are, on average, holding a PEG ratio of 0.78 based on yesterday's closing prices.
The Computer - Integrated Systems industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 24, placing it within the top 10% of over 250 industries.
The Zacks Industry Rank gauges the strength of our 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Advanced Micro Devices (AMD) Advances While Market Declines: Some Information for Investors
In the latest trading session, Advanced Micro Devices (AMD - Free Report) closed at $199.46, marking a +1.6% move from the previous day. This change outpaced the S&P 500's 1.36% loss on the day. Meanwhile, the Dow lost 1.64%, and the Nasdaq, a tech-heavy index, lost 1.46%.
The chipmaker's stock has dropped by 3.33% in the past month, falling short of the Computer and Technology sector's loss of 0.24% and the S&P 500's loss of 1.76%.
Investors will be eagerly watching for the performance of Advanced Micro Devices in its upcoming earnings disclosure. The company is expected to report EPS of $1.27, up 32.29% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $9.84 billion, reflecting a 32.32% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $6.61 per share and a revenue of $45.37 billion, demonstrating changes of +58.51% and +30.98%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Advanced Micro Devices. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.14% higher. Advanced Micro Devices currently has a Zacks Rank of #3 (Hold).
With respect to valuation, Advanced Micro Devices is currently being traded at a Forward P/E ratio of 29.69. This represents a premium compared to its industry average Forward P/E of 21.23.
Also, we should mention that AMD has a PEG ratio of 0.63. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Computer - Integrated Systems stocks are, on average, holding a PEG ratio of 0.78 based on yesterday's closing prices.
The Computer - Integrated Systems industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 24, placing it within the top 10% of over 250 industries.
The Zacks Industry Rank gauges the strength of our 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.