We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Unveiling Advanced Micro (AMD) Q2 Outlook: Wall Street Estimates for Key Metrics
Read MoreHide Full Article
The upcoming report from Advanced Micro Devices (AMD - Free Report) is expected to reveal quarterly earnings of $1.61 per share, indicating an increase of 235.4% compared to the year-ago period. Analysts forecast revenues of $11.32 billion, representing an increase of 47.3% year over year.
Over the last 30 days, there has been an upward revision of 0.9% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some Advanced Micro metrics that are commonly tracked and projected by analysts on Wall Street.
It is projected by analysts that the 'Net Revenue- Data Center' will reach $6.50 billion. The estimate indicates a year-over-year change of +100.5%.
The consensus among analysts is that 'Net Revenue- Embedded' will reach $947.91 million. The estimate suggests a change of +15% year over year.
The consensus estimate for 'Net Revenue- Gaming' stands at $812.32 million. The estimate points to a change of -27.6% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Net Revenue- Client' of $3.03 billion. The estimate indicates a change of +21.3% from the prior-year quarter.
Advanced Micro shares have witnessed a change of -20.6% in the past month, in contrast to the Zacks S&P 500 composite's -1.5% move. With a Zacks Rank #2 (Buy), AMD is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
Image: Bigstock
Unveiling Advanced Micro (AMD) Q2 Outlook: Wall Street Estimates for Key Metrics
The upcoming report from Advanced Micro Devices (AMD - Free Report) is expected to reveal quarterly earnings of $1.61 per share, indicating an increase of 235.4% compared to the year-ago period. Analysts forecast revenues of $11.32 billion, representing an increase of 47.3% year over year.
Over the last 30 days, there has been an upward revision of 0.9% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some Advanced Micro metrics that are commonly tracked and projected by analysts on Wall Street.
It is projected by analysts that the 'Net Revenue- Data Center' will reach $6.50 billion. The estimate indicates a year-over-year change of +100.5%.
The consensus among analysts is that 'Net Revenue- Embedded' will reach $947.91 million. The estimate suggests a change of +15% year over year.
The consensus estimate for 'Net Revenue- Gaming' stands at $812.32 million. The estimate points to a change of -27.6% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Net Revenue- Client' of $3.03 billion. The estimate indicates a change of +21.3% from the prior-year quarter.
View all Key Company Metrics for Advanced Micro here>>>Advanced Micro shares have witnessed a change of -20.6% in the past month, in contrast to the Zacks S&P 500 composite's -1.5% move. With a Zacks Rank #2 (Buy), AMD is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .