Advanced Micro Devices (AMD) closed the most recent trading day at $538.05, moving +1.76% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.41%. Elsewhere, the Dow saw a downswing of 0.07%, while the tech-heavy Nasdaq appreciated by 1.11%.
Heading into today, shares of the chipmaker had lost 5.55% over the past month, lagging the Computer and Technology sector's loss of 0.92% and the S&P 500's gain of 1.46%.
Investors will be eagerly watching for the performance of Advanced Micro Devices in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 3, 2026. It is anticipated that the company will report an EPS of $1.93, marking a 60.83% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $13.11 billion, showing a 41.8% escalation compared to the year-ago quarter.
AMD's full-year Zacks Consensus Estimates are calling for earnings of $7.55 per share and revenue of $50.61 billion. These results would represent year-over-year changes of +81.06% and +46.12%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Advanced Micro Devices. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.03% lower within the past month. Advanced Micro Devices presently features a Zacks Rank of #3 (Hold).
Digging into valuation, Advanced Micro Devices currently has a Forward P/E ratio of 70.07. This denotes a premium relative to the industry average Forward P/E of 18.27.
One should further note that AMD currently holds a PEG ratio of 4.67. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Computer - Integrated Systems industry had an average PEG ratio of 1.32 as trading concluded yesterday.
The Computer - Integrated Systems industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 35, finds itself in the top 15% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).