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Advanced Micro (AMD) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
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Wall Street analysts expect Advanced Micro Devices (AMD - Free Report) to post quarterly earnings of $1.94 per share in its upcoming report, which indicates a year-over-year increase of 61.7%. Revenues are expected to be $13.12 billion, up 41.9% from the year-ago quarter.
The current level reflects a downward revision of 0.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain Advanced Micro metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts forecast 'Net Revenue- Data Center' to reach $8.27 billion. The estimate indicates a year-over-year change of +90.6%.
Based on the collective assessment of analysts, 'Net Revenue- Embedded' should arrive at $1.07 billion. The estimate points to a change of +25.1% from the year-ago quarter.
The average prediction of analysts places 'Net Revenue- Gaming' at $634.07 million. The estimate points to a change of -51.2% from the year-ago quarter.
It is projected by analysts that the 'Net Revenue- Client' will reach $3.03 billion. The estimate indicates a change of +10.4% from the prior-year quarter.
Advanced Micro shares have witnessed a change of -5.5% in the past month, in contrast to the Zacks S&P 500 composite's +0.9% move. With a Zacks Rank #3 (Hold), AMD is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Advanced Micro (AMD) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Wall Street analysts expect Advanced Micro Devices (AMD - Free Report) to post quarterly earnings of $1.94 per share in its upcoming report, which indicates a year-over-year increase of 61.7%. Revenues are expected to be $13.12 billion, up 41.9% from the year-ago quarter.
The current level reflects a downward revision of 0.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain Advanced Micro metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts forecast 'Net Revenue- Data Center' to reach $8.27 billion. The estimate indicates a year-over-year change of +90.6%.
Based on the collective assessment of analysts, 'Net Revenue- Embedded' should arrive at $1.07 billion. The estimate points to a change of +25.1% from the year-ago quarter.
The average prediction of analysts places 'Net Revenue- Gaming' at $634.07 million. The estimate points to a change of -51.2% from the year-ago quarter.
It is projected by analysts that the 'Net Revenue- Client' will reach $3.03 billion. The estimate indicates a change of +10.4% from the prior-year quarter.
View all Key Company Metrics for Advanced Micro here>>>Advanced Micro shares have witnessed a change of -5.5% in the past month, in contrast to the Zacks S&P 500 composite's +0.9% move. With a Zacks Rank #3 (Hold), AMD is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .