Advanced Micro Devices (AMD) Surpasses Market Returns: Some Facts Worth Knowing

Company Performance - Advanced Micro Devices (AMD) closed at $114.81, reflecting a +0.84% change from the previous trading day's closing, outperforming the S&P 500 which gained 0.16% [1] - Over the past month, AMD shares have increased by 5.31%, while the Computer and Technology sector experienced a loss of 5.94% and the S&P 500 lost 3.59% [1] Upcoming Earnings - AMD's upcoming earnings per share (EPS) is projected at$ 0.93, indicating a 50% increase compared to the same quarter of the previous year [2] - The Zacks Consensus Estimate for revenue is projected at $7.11 billion, up 29.98% from the year-ago period [2] Annual Estimates - For the annual period, the Zacks Consensus Estimates anticipate earnings of$ 4.59 per share and revenue of $31.87 billion, reflecting increases of +38.67% and +23.61% respectively from the last year [3] - Recent changes to analyst estimates indicate positive revisions, suggesting optimism about AMD's business and profitability [3] Valuation Metrics - AMD's current Forward P/E ratio is 24.8, which is a premium compared to the industry average Forward P/E of 14.91 [6] - The PEG ratio for AMD is currently 0.96, while the average PEG ratio for the Computer - Integrated Systems industry is 1.57 [6] Industry Ranking - The Computer - Integrated Systems industry is part of the Computer and Technology sector, holding a Zacks Industry Rank of 78, placing it in the top 32% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]