Advanced Micro Devices (AMD) stock closed lower despite sector outperformance and revenue growth projections.

From NASDAQ: 2024-07-15 17:45:18

In the latest trading session, Advanced Micro Devices (AMD) closed at $179.82, down 0.99% from the previous day, while the S&P 500 gained 0.28%. AMD’s stock has risen by 13.77% in the past month, outperforming the Computer and Technology sector and the S&P 500.

Analysts are projecting AMD’s EPS at $0.66, a 13.79% increase from last year, with revenue estimated at $5.71 billion, reflecting a 6.54% increase. For the full fiscal year, earnings are predicted to be $3.41 per share and revenue at $25.29 billion, indicating improvements from the previous year.

Investors should take note of any analyst forecast revisions for AMD as they influence stock prices. The Zacks Rank model considers these changes, with AMD currently holding a Zacks Rank of #5 (Strong Sell). The Zacks Rank system has a history of outperformance, with #1 stocks generating an average annual return of +25% since 1988.

AMD’s Forward P/E ratio is 53.25, higher than the industry average of 38.42. The PEG ratio, at 1.61, takes into account expected earnings growth rate. The Electronics – Semiconductors industry, of which AMD is a part, ranks low in the Zacks Industry Rank, indicating potential stock impact in upcoming trading sessions.



Read more at NASDAQ: Advanced Micro Devices (AMD) Stock Dips While Market Gains: Key Facts