Analysts predict Advanced Micro Devices (AMD) will report quarterly earnings of $1.17 per share, a 27.2% increase from last year. Revenues are expected to reach $8.72 billion, up 27.9% year over year. Earnings estimates have been revised downward by 0.5% in the past 30 days.

Analysts believe that trends in earnings estimate revisions can impact investor reactions to a company’s stock. Analysts project specific key metrics for AMD, including Net revenue for Data Center, Embedded, Gaming, and Client segments. These estimates offer valuable insights into the company’s performance.

Among the key metrics, analysts expect significant growth in Net revenue for Gaming, projecting a +126.9% increase year over year. Net revenue for the Client segment is also expected to rise by +38.1% year over year. AMD’s stock has shown strong returns, up +61.2% in the past month compared to the market.

Zacks’ research experts have identified a stock with the potential to at least double in value. The Director of Research believes this pick could outperform previous recommendations like Hims & Hers Health, which saw a +209% increase. For more information on this top stock and other recommendations, visit the provided link.

Read more at Nasdaq: Unveiling Advanced Micro (AMD) Q3 Outlook: Wall Street Estimates for Key Metrics