In the latest trading session, Advanced Micro Devices (AMD) closed at $125.02, down 1.32%. The stock underperformed the S&P 500, which had a 0.39% decrease. AMD’s stock has fallen by 8.81% in the past month, while the Computer and Technology sector gained 7.63%.

Market watchers await AMD’s financial results, with projected earnings of $1.07 per share, a 38.96% increase. Revenue is estimated at $7.51 billion, up by 21.83% from the same quarter last year. Full-year estimates forecast earnings of $3.31 per share and revenue of $25.67 billion, showing positive changes.

Analyst revisions for AMD’s estimates can impact stock momentum. The Zacks Rank, ranging from #1 (Strong Buy) to #5 (Strong Sell), incorporates these changes. AMD currently holds a Zacks Rank of #3 (Hold). The Zacks Consensus EPS estimate has risen by 0.25% in the past month.

AMD’s valuation includes a Forward P/E ratio of 38.32, higher than the industry average of 15.53. The PEG ratio, indicating projected earnings growth, stands at 1.41. The Computer – Integrated Systems industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 85, in the top 34% of all industries.

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Read more at Nasdaq: Advanced Micro Devices (AMD) Sees a More Significant Dip Than Broader Market: Some Facts to Know