AMD expected to report higher earnings and revenues, potential for stock rise

From Nasdaq: 2024-07-23 10:00:56

Advanced Micro Devices (AMD) is expected to report higher earnings and revenues for the quarter ending June 2024 on July 30, 2024. Analysts predict earnings of $0.67 per share, a 15.5% increase, and revenues of $5.71 billion, up 6.5% year-over-year. The stock may rise on positive results. It currently holds a Zacks Rank #3.

On the flip side, a negative surprise could lead to the stock dropping. Analysts have revised estimates slightly lower over the last 30 days. The company has a positive Earnings ESP of +2.21%, indicating potential for an earnings beat. This, combined with a Zacks Rank #3, suggests a likely beat of consensus EPS estimates.

Additionally, Amkor Technology (AMKR) is expected to report earnings of $0.22 per share for the quarter ended June 2024, a decrease of -15.4% year-over-year. Revenues are anticipated to be $1.45 billion, down 0.4% from the previous year. The company has a Zacks Rank #3 and a negative Earnings ESP of -1.49%, making it challenging to predict an earnings beat.



Read more at Nasdaq: Advanced Micro Devices (AMD) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release