Advanced Micro Devices (AMD) to Release Earnings on Tuesday

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) is scheduled to release its earnings data after the market closes on Tuesday, October 29th. Analysts expect Advanced Micro Devices to post earnings of $0.91 per share for the quarter. Advanced Micro Devices has set its Q3 2024 guidance at EPS.Investors that are interested in registering for the company's conference call can do so using this link.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.01. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The business had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.72 billion. During the same period in the previous year, the firm posted $0.40 earnings per share. The business's revenue was up 8.9% on a year-over-year basis. On average, analysts expect Advanced Micro Devices to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Advanced Micro Devices Stock Up 1.2 %

AMD opened at $157.90 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.01. Advanced Micro Devices has a 12 month low of $93.11 and a 12 month high of $227.30. The stock's 50 day moving average price is $154.28 and its 200 day moving average price is $156.57. The stock has a market cap of $255.22 billion, a P/E ratio of 232.21, a P/E/G ratio of 2.33 and a beta of 1.70.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Truist Financial reduced their price objective on shares of Advanced Micro Devices from $162.00 to $156.00 and set a "hold" rating for the company in a report on Wednesday, July 31st. Edward Jones started coverage on shares of Advanced Micro Devices in a research note on Tuesday, August 20th. They set a "buy" rating on the stock. Bank of America restated a "buy" rating and issued a $180.00 target price on shares of Advanced Micro Devices in a research report on Thursday, October 3rd. KeyCorp lowered their price target on Advanced Micro Devices from $230.00 to $220.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 9th. Finally, Barclays cut their price objective on Advanced Micro Devices from $235.00 to $180.00 and set an "overweight" rating for the company in a report on Monday, July 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $195.00.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.

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