Wall Street estimates AMD's Q2 earnings to be $0.67 per share, with revenues rising

From Nasdaq: 2024-07-25 09:15:25

Wall Street analysts project Advanced Micro Devices (AMD) to report quarterly earnings of $0.67 per share, a 15.5% increase from last year. Revenues are expected to reach $5.71 billion, a 6.5% rise from the previous year. The consensus EPS estimate has been adjusted slightly lower in the past 30 days.

Analysts emphasize the importance of monitoring changes in earnings estimates before a company announces its earnings. These revisions can influence investor reactions to the stock. Research shows a correlation between earnings estimate trends and short-term stock price performance. Examining specific metrics predicted by analysts can provide a comprehensive view of the company’s performance.

Analysts predict key metrics for Advanced Micro, forecasting Net revenue- Data Center to be $2.78 billion (+110.4%), Net revenue- Embedded at $845.89 million (-42%), Net revenue- Gaming at $657.24 million (-58.4%), and Net revenue- Client at $1.42 billion (+42.7%). AMD shares have shown a return of -8.2% over the past month.

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Read more at Nasdaq: Ahead of Advanced Micro (AMD) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics