For its first fiscal quarter (ending March 31), Advanced Micro Devices Inc (NASDAQ: AMD) has reported E.P.S. of $0.08 compared to $-0.09 a year ago. This performance was $-1.08 short of the consensus estimate of $1.16. E.P.S. were $0.69 for the latest four quarters through March 31 versus $0.24 for the same period a year ago — an increase of 188%.
Recent Price Action
On 4/30/24, Advanced Micro Devices Inc (NASDAQ: AMD) stock declined modestly by -1.1%, closing at $158.38. This decline was accompanied by normal trading volume. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 6.6% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, AMD is expected to continue to be an important Value Builder.
Advanced Micro Devices has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Advanced Micro Devices has a neutral Appreciation Score of 55 but a very high Power Rating of 93, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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