Analysts are weighing in on how Advanced Micro Devices, Inc. (NASDAQ:AMD), might perform in the near term. Wall Street analysts have a much less favorable assessment of the stock, with a mean rating of 2.9. The stock is rated as buy by 5 analysts, with 3 outperform and 11 hold rating. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for strong sell.
For the current quarter, the 17.00 analysts offering adjusted EPS forecast have a consensus estimate of $-0.08 a share, which would compare with $-0.17 in the same quarter last year. They have a high estimate of $-0.05 and a low estimate of $-0.13. Revenue for the period is expected to total nearly $952.16M from $942.00M the year-ago period.
For the full year, 19.00 Wall Street analysts forecast this company would deliver earnings of -0.26 per share, with a high estimate of $-0.14 and a low estimate of $-0.37. It had reported earnings per share of $-0.54 in the corresponding quarter of the previous year. Revenue for the period is expected to total nearly $4.03B versus 3.99B in the preceding year.
The analysts project the company to maintain annual growth of around -218.00% percent over the next five years as compared to an average growth rate of 7.24% percent expected for its competitors in the same industry.
Among the 19 analysts Data provided by Thomson/First Call tracks, the 12-month average price target for AMD is $3.82 but some analysts are projecting the price to go as high as $6.00. If the optimistic analysts are correct, that represents a 10 percent upside potential from the recent closing price of $5.45. Some sell-side analysts, particularly the bearish ones, have called for $2.00 price targets on shares of Advanced Micro Devices, Inc. (NASDAQ:AMD).
In the last reported results, the company reported earnings of $-0.17 per share, while analysts were calling for share earnings of $-0.17. It was an earnings surprise of 0.00%percent. In the matter of earnings surprises, the term Cockroach Effect is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. The companys products primarily include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs), and semi-custom System-on-Chip (SoC) products. It provides x86 microprocessors for desktop PCs under the AMD A-Series, AMD E-Series, AMD FX CPU, AMD Athlon CPU and APU, AMD Sempron APU and CPU, and AMD Pro A-Series APU brands; and microprocessors for notebook and 2-in-1s under the AMD A-Series, AMD E-Series, AMD C-Series, AMD Z-Series, AMD FX APU, AMD Phenom, AMD Athlon CPU and APU, AMD Turion, and AMD Sempron APU and CPU brands. The company also offers chipsets with and without integrated graphics features for desktop, notebook PCs, and servers, as well as controller hub-based chipsets for its APUs under the AMD brand; and AMD PRO mobile and desktop processors. In addition, it provides discrete desktop graphics products and discrete GPUs for notebooks under the AMD Radeon brand; professional graphics products under the AMD FirePro brand; and customer-specific solutions based on AMDs CPU, GPU, and multi-media technologies. Further, the company offers microprocessors for server platforms under the AMD Opteron; embedded processor solutions for interactive digital signage, casino gaming, and medical imaging under the AMD Opteron, AMD Athlon, AMD Sempron, AMD Geode, AMD R-Series, and G-Series brands; and semi-custom SoC products that power the Sony Playstation 4 and Microsoft Xbox One game consoles. Advanced Micro Devices, Inc. sells its products through its direct sales force, independent distributors, and sales representatives. The company serves original equipment manufacturers, original design manufacturers, system builders, and independent distributors. Advanced Micro Devices, Inc. was founded in 1969 and is headquartered in Sunnyvale, California.