AMD stock rises while market falls, outperforming S&P 500, with positive earnings and revenue projections.

From Nasdaq: 2024-10-07 17:45:20

In the latest trading session, Advanced Micro Devices (AMD) closed at $170.97, rising 0.04% higher than the previous day. This outperformed the S&P 500’s 0.96% loss, with the Dow and Nasdaq also seeing declines. The stock has surged 27.2% in the past month, outpacing sector and S&P 500 gains.

Analysts anticipate AMD to report an EPS of $0.91, indicating a 30% increase from the previous year. Revenue is projected to reach $6.71 billion, up by 15.71%. Full-year estimates suggest earnings of $3.36 per share and revenue of $25.55 billion, with positive revisions reflecting confidence in the company’s performance.

Investors should note AMD’s Forward P/E ratio of 50.9 and a PEG ratio of 1.78. The Electronics – Semiconductors industry has an average PEG ratio of 2.23. The industry falls under the Computer and Technology sector, which holds a high Zacks Industry Rank of 89, indicating potential investment opportunities.

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Read more at Nasdaq: Advanced Micro Devices (AMD) Ascends While Market Falls: Some Facts to Note