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.
Advanced Micro Devices (AMD) Stock Moves 1.34%: What You Should Know
Read MoreHide Full Article
In the latest trading session, Advanced Micro Devices (AMD - Free Report) closed at $623.77, marking a +1.34% move from the previous day. Elsewhere, the Dow saw a downswing of 0.36%, while the tech-heavy Nasdaq appreciated by 0.45%.
Shares of the chipmaker witnessed a gain of 34.76% over the previous month, beating the performance of the Computer and Technology sector with its gain of 6.18%, and the S&P 500's gain of 1.27%.
Market participants will be closely following the financial results of Advanced Micro Devices in its upcoming release. The company is expected to report EPS of $1.9, up 58.33% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $13.06 billion, indicating a 41.3% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $7.48 per share and revenue of $50.5 billion, which would represent changes of +79.38% and +45.79%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Advanced Micro Devices. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 0.14% fall in the Zacks Consensus EPS estimate. Right now, Advanced Micro Devices possesses a Zacks Rank of #3 (Hold).
From a valuation perspective, Advanced Micro Devices is currently exchanging hands at a Forward P/E ratio of 82.32. This indicates a premium in contrast to its industry's Forward P/E of 21.46.
Meanwhile, AMD's PEG ratio is currently 5.49. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Computer - Integrated Systems was holding an average PEG ratio of 0.66 at yesterday's closing price.
The Computer - Integrated Systems industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 49, placing it within the top 20% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. 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.
View the Zacks #1 Rank List
Image: Bigstock
Advanced Micro Devices (AMD) Stock Moves 1.34%: What You Should Know
In the latest trading session, Advanced Micro Devices (AMD - Free Report) closed at $623.77, marking a +1.34% move from the previous day. Elsewhere, the Dow saw a downswing of 0.36%, while the tech-heavy Nasdaq appreciated by 0.45%.
Shares of the chipmaker witnessed a gain of 34.76% over the previous month, beating the performance of the Computer and Technology sector with its gain of 6.18%, and the S&P 500's gain of 1.27%.
Market participants will be closely following the financial results of Advanced Micro Devices in its upcoming release. The company is expected to report EPS of $1.9, up 58.33% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $13.06 billion, indicating a 41.3% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $7.48 per share and revenue of $50.5 billion, which would represent changes of +79.38% and +45.79%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Advanced Micro Devices. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 0.14% fall in the Zacks Consensus EPS estimate. Right now, Advanced Micro Devices possesses a Zacks Rank of #3 (Hold).
From a valuation perspective, Advanced Micro Devices is currently exchanging hands at a Forward P/E ratio of 82.32. This indicates a premium in contrast to its industry's Forward P/E of 21.46.
Meanwhile, AMD's PEG ratio is currently 5.49. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Computer - Integrated Systems was holding an average PEG ratio of 0.66 at yesterday's closing price.
The Computer - Integrated Systems industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 49, placing it within the top 20% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. 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.