Earnings Preview: Advanced Micro Devices
Advanced Micro Devices (NASDAQ: AMD) announces its next round of earnings Tuesday. Here is Benzinga's everything-that-matters guide for today's Q4 earnings announcement.
Earnings and Revenue
Advanced Micro Devices EPS is expected to be around 5 cents per share, according to sell-side analysts. Sales will likely be near $1.4 billion.
Advanced Micro Devices reported a loss of 1 cent per share when it published results during the same quarter last year. Sales in that period totaled $1.1 billion. The Wall Street estimate would represent 26.58 percent sales growth from the same quarter last year.
Here's how the company's reported EPS has stacked up against analyst estimates in the past:
Quarter | Q3 2017 | Q2 2017 | Q1 2017 | Q4 2016 |
EPS Estimate | 0.07 | -0.04 | -0.02 | |
EPS Actual | 0.1 | 0.02 | -0.04 | -0.01 |
Q4 EPS Estimate: 5 cents per share
Q4 Revenues Estimate: $1 billion
Stock Performance
As of Jan. 30, Advanced Micro Devices' share price was $12.95. For a full 12 months, the return has risen by 23.1 percent. Given that these returns are generally positive, long-term shareholders are probably relaxed going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.
Over the past 90 days, analysts' have generally adjusted their estimates higher for EPS and revenues. The most common rating from analysts on Advanced Micro Devices stock is a Neutral. The strength of this rating has maintained conviction over the past three months.
Conference Call
Advanced Micro Devices' Q4 conference call is scheduled to begin at 8:00 a.m. ET and can be accessed here.
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