From Nasdaq: 2024-04-05 09:00:14

Advanced Micro Devices (AMD) has seen a -21.6% return on shares over the past month, compared to industry losses of 9.5%. Earnings estimates for the current quarter show no change from the year-ago quarter, with a +30.6% change for the current fiscal year and a +45.9% change for the next fiscal year.

While media buzz can influence stock prices, Zacks prioritizes earnings estimate revisions to determine fair value. AMD’s Zacks Rank #3 (Hold) reflects unchanged earnings estimates and a +1.2% revenue growth forecast for the current quarter. Considering valuation, AMD is graded F, indicating a premium price compared to peers.

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Read more at Nasdaq: Advanced Micro Devices, Inc. (AMD) is Attracting Investor Attention: Here is What You Should Know