From Nasdaq: 2024-06-21 17:45:19

Advanced Micro Devices (AMD) closed at $161.23, down -0.34% from the previous session, trailing behind the S&P 500 and Nasdaq. Shares rose by 0.84% in the last month. In upcoming financial results, EPS is projected at $0.66, with a revenue estimate of $5.71 billion, indicating positive growth.

Market participants will be closely following AMD’s financial results. Estimates for upcoming EPS and revenue show positive growth compared to the previous year. Positive estimate revisions signal analyst optimism and potential stock price performance. The Zacks Rank system rates AMD as a #3 (Hold) currently. Valuation metrics show AMD trading at a premium.

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Read more at Nasdaq: Advanced Micro Devices (AMD) Dips More Than Broader Market: What You Should Know