From Nasdaq: 2024-09-18 17:45:20

In the latest trading session, Advanced Micro Devices (AMD) closed at $148.29, down 1.68% from the previous day, trailing the S&P 500’s 0.29% loss. Over the past month, AMD’s stock fell by 3.57%, below the sector’s 1.17% decline and the S&P 500’s 1.57% gain.

Investors anticipate AMD’s upcoming earnings report, expecting an EPS of $0.91, a 30% increase from the same period last year, with revenues projected at $6.71 billion, a 15.71% jump. Full-year estimates predict earnings of $3.36 per share and revenue of $25.55 billion, up 26.79% and 12.66% respectively.

Analyst estimates and revisions for AMD play a crucial role in predicting stock performance. The Zacks Rank system, currently rating AMD as #3 (Hold), indicates positive estimate changes could impact stock prices. Stocks with a Zacks Rank #1 (Strong Buy) have historically delivered an average annual return of +25% since 1988.

AMD’s valuation includes a Forward P/E ratio of 44.92, surpassing the industry average of 27.78. The company also boasts a PEG ratio of 1.57, indicating strong potential for future growth. The Electronics – Semiconductors industry, part of the top 36% of the Computer and Technology sector, is projected for further growth.

Zacks Investment Research highlights a top semiconductor stock, positioning itself to benefit from the surging demand for AI, ML, and IoT technologies. With an expanding customer base and robust earnings growth, this chip stock is primed for success in a lucrative $803 billion semiconductor market by 2028.



Read more at Nasdaq: Advanced Micro Devices (AMD) Declines More Than Market: Some Information for Investors