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Advanced Micro Devices (AMD - Free Report) closed at $220.18 in the latest trading session, marking a +1.23% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.44%. Meanwhile, the Dow gained 0.36%, and the Nasdaq, a tech-heavy index, added 0.54%.
Heading into today, shares of the chipmaker had gained 13.03% over the past month, outpacing the Computer and Technology sector's loss of 2.47% and the S&P 500's loss of 3.31%.
Analysts and investors alike will be keeping a close eye on the performance of Advanced Micro Devices in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.27, reflecting a 32.29% increase from the same quarter last year. 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.
AMD's full-year Zacks Consensus Estimates are calling for earnings of $6.61 per share and revenue of $45.37 billion. These results would represent year-over-year changes of +58.51% and +30.97%, respectively.
Investors might also notice recent changes to analyst estimates for Advanced Micro Devices. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Advanced Micro Devices is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Advanced Micro Devices is currently trading at a Forward P/E ratio of 32.9. This represents a premium compared to its industry average Forward P/E of 19.88.
It's also important to note that AMD currently trades at a PEG ratio of 0.7. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Computer - Integrated Systems industry held an average PEG ratio of 0.71.
The Computer - Integrated Systems industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 35, putting it in the top 15% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Advanced Micro Devices (AMD) Surpasses Market Returns: Some Facts Worth Knowing
Advanced Micro Devices (AMD - Free Report) closed at $220.18 in the latest trading session, marking a +1.23% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.44%. Meanwhile, the Dow gained 0.36%, and the Nasdaq, a tech-heavy index, added 0.54%.
Heading into today, shares of the chipmaker had gained 13.03% over the past month, outpacing the Computer and Technology sector's loss of 2.47% and the S&P 500's loss of 3.31%.
Analysts and investors alike will be keeping a close eye on the performance of Advanced Micro Devices in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.27, reflecting a 32.29% increase from the same quarter last year. 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.
AMD's full-year Zacks Consensus Estimates are calling for earnings of $6.61 per share and revenue of $45.37 billion. These results would represent year-over-year changes of +58.51% and +30.97%, respectively.
Investors might also notice recent changes to analyst estimates for Advanced Micro Devices. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Advanced Micro Devices is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Advanced Micro Devices is currently trading at a Forward P/E ratio of 32.9. This represents a premium compared to its industry average Forward P/E of 19.88.
It's also important to note that AMD currently trades at a PEG ratio of 0.7. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Computer - Integrated Systems industry held an average PEG ratio of 0.71.
The Computer - Integrated Systems industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 35, putting it in the top 15% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.