Advanced Micro Devices (AMD) Rises Higher Than Market: Key Facts

Advanced Micro Devices (AMD) closed the latest trading day at $117.32, indicating a +1.1% change from the previous session's end. The stock outpaced the S&P 500's daily gain of 0.16%. Meanwhile, the Dow gained 0.86%, and the Nasdaq, a tech-heavy index, lost 0.38%.Prior to today's trading, shares of the chipmaker had lost 8.57% over the past month. This has lagged the Computer and Technology sector's loss of 1.29% and the S&P 500's loss of 2.2% in that time.The investment community will be paying close attention to the earnings performance of Advanced Micro Devices in its upcoming release. The company's earnings per share (EPS) are projected to be $1.07, reflecting a 38.96% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $7.52 billion, up 21.84% from the year-ago period.Any recent changes to analyst estimates for Advanced Micro Devices should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.32% lower. Right now, Advanced Micro Devices possesses a Zacks Rank of #3 (Hold).Looking at valuation, Advanced Micro Devices is presently trading at a Forward P/E ratio of 23.77. For comparison, its industry has an average Forward P/E of 17.77, which means Advanced Micro Devices is trading at a premium to the group.It's also important to note that AMD currently trades at a PEG ratio of 0.87. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Computer - Integrated Systems stocks are, on average, holding a PEG ratio of 1.8 based on yesterday's closing prices.The Computer - Integrated Systems industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 32, positioning it in the top 13% of all 250+ industries.The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.1% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Advanced Micro Devices, Inc. (AMD): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks