Company Performance - Advanced Micro Devices (AMD) closed at $232.89, down 1.13% from the previous trading session, underperforming the S&P 500's loss of 0.28% [1] - AMD shares gained 47.65% over the previous month, significantly outperforming the Computer and Technology sector's gain of 7.19% and the S&P 500's gain of 4.03% [1] Upcoming Earnings - AMD is expected to report an EPS of $1.16, reflecting a 26.09% increase year-over-year, with anticipated revenue of $8.71 billion, indicating a 27.77% rise from the same quarter last year [2] - For the entire year, Zacks Consensus Estimates forecast earnings of $3.93 per share and revenue of $32.84 billion, representing increases of 18.73% and 27.36% respectively compared to the previous year [3] Analyst Estimates and Rankings - Recent changes to analyst estimates for AMD are indicative of shifting business dynamics, with positive revisions suggesting an optimistic outlook [3] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks AMD at 3 (Hold), with a consensus EPS projection that has decreased by 0.37% in the past 30 days [5] Valuation Metrics - AMD has a Forward P/E ratio of 59.97, which is a premium compared to the industry average Forward P/E of 23.67 [6] - The company also has a PEG ratio of 2.21, which is comparable to the industry average PEG ratio of 2.2 [6] Industry Context - The Computer - Integrated Systems industry, which includes AMD, ranks in the top 6% of all industries according to the Zacks Industry Rank, indicating strong performance potential [7]
Advanced Micro Devices (AMD) Suffers a Larger Drop Than the General Market: Key Insights