From Nasdaq: 2024-06-12 17:45:19

In the latest trading session, Advanced Micro Devices (AMD) closed at $160.24, up by 0.81%. This performance fell behind the S&P 500’s 0.85% gain, with the Nasdaq rising by 1.53% while the Dow dropped by 0.09%. Over the past month, AMD’s shares saw a 3.79% gain, outperforming the Computer and Technology sector and the S&P 500.

Analysts are predicting that AMD will report earnings of $0.67 per share, a 15.52% year-over-year growth, and revenue of $5.71 billion, a 6.58% increase compared to the same quarter last year. Zacks Consensus Estimates suggest full-year earnings of $3.41 per share and revenue of $25.29 billion, signifying changes of +28.68% and +11.51% respectively from last year.

Recent analyst estimates and revisions indicate a positive outlook for Advanced Micro Devices. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), shows that AMD currently holds a Zacks Rank of #3 (Hold) and has a Forward P/E ratio of 46.6, signaling a premium relative to the industry average. With developments in estimates, Zacks Research emphasizes the relationship between estimate changes and stock price performance.

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Read more at Nasdaq: Advanced Micro Devices (AMD) Ascends But Remains Behind Market: Some Facts to Note