Gear Up for Advanced Micro (AMD) Q4 Earnings: Wall Street Estimates for Key Metrics

Wall Street analysts forecast that Advanced Micro Devices (AMD) will report quarterly earnings of $1.07 per share in its upcoming release, pointing to a year-over-year increase of 39%. It is anticipated that revenues will amount to $7.52 billion, exhibiting an increase of 21.8% compared to the year-ago quarter.The consensus EPS estimate for the quarter has undergone a downward revision of 0.8% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.That said, let's delve into the average estimates of some Advanced Micro metrics that Wall Street analysts commonly model and monitor.The consensus among analysts is that 'Net revenue- Data Center' will reach $4.10 billion. The estimate suggests a change of +79.7% year over year.Based on the collective assessment of analysts, 'Net revenue- Embedded' should arrive at $922.06 million. The estimate suggests a change of -12.8% year over year.It is projected by analysts that the 'Net revenue- Gaming' will reach $509.49 million. The estimate indicates a year-over-year change of -62.8%.Analysts forecast 'Net revenue- Client' to reach $1.97 billion. The estimate suggests a change of +35.1% year over year.View all Key Company Metrics for Advanced Micro here>>>Shares of Advanced Micro have demonstrated returns of -2.9% over the past month compared to the Zacks S&P 500 composite's +1.2% change. With a Zacks Rank #4 (Sell), AMD is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>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