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Advanced Micro Devices (AMD) Dips more than wider markets: What you should know

Advanced Micro Devices (AMD) closed at $ 22.01 during the last trading session, marking a -0.32% move from the previous day. This change weakened the S & P 500's daily loss of 0.21%. Otherwise, the Dow lost 0.09%, while the technical heavy Nasdaq lost 0.1 8%. Coming up today, the chip maker's shares had lost 2.6% over the past month. At the same time, the Computer and Technology sector increased 2.89%, while S & P 500 was 1.81%. Investors will hope for strength from AMD as it approaches the next profitability. On that day, AMD is expected to report a profit of $ 0.02 per share, which would mean a 75% decrease throughout the year. At the same time, our latest consensus estimate requires sales of $ 1.26 billion, down 23.78% over the previous quarter. Considering the whole year, our Zacks Consensus Estimates suggests that analysts expect a profit of $ 0.52 per share and a revenue of $ 6.79 billion. These amounts would mark changes of + 47.5% and + 4.82% from last year. Investors should also note some recent changes in analytical estimates for AMD. These audits help demonstrate the ever-changing nature of the closest business trends. As a result, we can interpret positive valuation audits as a good sign of the company's business prospects. Our research shows that these estimate changes are directly correlated with short-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model takes these estimation changes into account and…

Advanced Micro Devices (AMD) closed at $ 22.01 during the last trading session, marking a -0.32% move from the previous day. This change weakened the S & P 500’s daily loss of 0.21%. Otherwise, the Dow lost 0.09%, while the technical heavy Nasdaq lost 0.1

8%.

Coming up today, the chip maker’s shares had lost 2.6% over the past month. At the same time, the Computer and Technology sector increased 2.89%, while S & P 500 was 1.81%.

Investors will hope for strength from AMD as it approaches the next profitability. On that day, AMD is expected to report a profit of $ 0.02 per share, which would mean a 75% decrease throughout the year. At the same time, our latest consensus estimate requires sales of $ 1.26 billion, down 23.78% over the previous quarter.

Considering the whole year, our Zacks Consensus Estimates suggests that analysts expect a profit of $ 0.52 per share and a revenue of $ 6.79 billion. These amounts would mark changes of + 47.5% and + 4.82% from last year.

Investors should also note some recent changes in analytical estimates for AMD. These audits help demonstrate the ever-changing nature of the closest business trends. As a result, we can interpret positive valuation audits as a good sign of the company’s business prospects.

Our research shows that these estimate changes are directly correlated with short-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model takes these estimation changes into account and provides a simple, functional classification system.

From the Zacks Rank system, from # 1 (Strong Buy) to # 5 (Strong Sell), a proven, externally reviewed track record of outperformance, with # 1 shares, returns an average of 25% annually since 1988. The Zacks Consensus EPS estimate has moved 1.43% lower over the past month. AMD is currently running a # 3 (Zack) Zacks ranking.

In terms of valuation, AMD is currently trading with a forward P / E ratio of 34.28. This represents a premium compared to the industry’s average forward P / E of 17.58.

Investors should also note that AMD has a PEG ratio of 1.61 right now. This measurement value is used in the same way as the known P / E ratio, but the PEG ratio also takes into account the share’s expected earnings trend. Electronics – Semiconductors shares on average have a PEG ratio of 1.61 based on yesterday’s closing prices.

The electronics – the semiconductor industry is part of the Computer and technology sector. This group has a Zacks Industry Rank of 185, which puts it in the 28% of all 250+ industries.

The Zacks Industry Rank measures the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within groups. Our research shows that the top 50% of nominated industries surpass the bottom half by a factor of 2 to 1.

Make sure to use Zacks. Will follow all these stock transfer methods, and more, in the upcoming trading sessions.

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