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Advanced Micro Devices (AMD) closed the most recent trading day at $ 28.03, down -0.21% from the previous trading session. This change was lower than the 0.21% daily gain of the S & P 500. At the same time, the Dow Jones added 0.17% and the Nasdaq, a large technology group, gained 0.27%.
Today, the chip maker's shares rose by 4.77% last month. At the same time, the Computer and Technology sector lost 8.68%, while the S & P 500 lost 5.26%.
Wall Street will be looking for AMD's positivity as the next publication date of its results approaches. In this report, analysts expect AMD to make a profit of $ 0.08 per share. This would mark a drop of one year on the other of 42.86%. At the same time, the Zacks revenue consensus estimate predicts a net business turnover of $ 1.52 billion, down 13.39% over the same period of the year. 39, previous year.
According to our consensus estimates for Zacks, analysts expect a net profit of $ 0.66 per share and revenues of $ 6.87 billion. These totals would mark changes of + 43.48% and + 6.17%, respectively, compared to last year.
It is also important to note the recent changes made to the analyst's estimates for AMD. These revisions generally reflect the latest short-term business trends, which can change frequently. As a result, we can interpret the revisions of positive estimates as a positive sign of the company's business outlook.
Research indicates that these revisions of estimates are directly correlated to short-term stock price dynamics. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes into account these changes in estimates and provides a clear and usable scoring model.
The Zacks filing system ranges from # 1 (strong buy) to # 5 (strong sell). It has achieved remarkable success, unaudited, with the No. 1 stock offering an average annual return of + 25% since 1988. Over the past month, the Zacks Consensus EPS estimate has increased by 5.68% . AMD is currently ranked 3 by Zacks (pending).
Investors should also note AMD's current valuation metrics, including its P / E ratio of 42.35. This represents a premium over the average P / E of 16.97% of the sector.
It should also be noted that AMD currently has a PEG ratio of 1.38. This popular measure is similar to the well-known P / E ratio, with the difference that the PEG ratio also takes into account the expected earnings growth rate of the company. The AMD industry had an average PEG ratio of 1.79 at the close of yesterday.
The Electronics – Semiconductors sector is part of the IT and Technology sector. This group has a Zack ranking of 98, which places it in the top 39% of over 250 industries.
The Zacks industry ranking is ranked from best to worst in terms of Zacks' average ranking of individual companies in each of these sectors. Our research shows that the 50% of the top rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all these stock transfer steps, and more, on Zacks.com.
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Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report
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Do you want to know the latest Zacks Investment Research recommendations? Today, you can download 7 best actions for the next 30 days. Click to get this free report
Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report
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