Several analysts working at Wall Street have predicted that the stocks of AMD would be reporting an EPS of $0.44 for the quarter. According to a report, ten of the analysts have already given estimates into the earnings of the company. The ball has been rolled at $0.43, with the highest coming in at $0.45. AMD had an EPS of $0.18 for the previous year, which indicates an annual growth rate of about 144.4%. The company will be posting its next quarterly report on the 27th of April.
The Quarterly Estimate Of AMD
The stocks of AMD posted their previous quarterly report on the 25th of January. The manufacturer of semiconductors reported an EPS of $0.52 for the quarter, which was slightly more than the consensus sum of $0.47. The revenue for the firm was $3.24 billion, which was more than the consensus of $3.03 billion. The return on equity has been set at 33.4%, with a 10.17% net margin.
There have been quite a few research equities that have commented on the stocks of AMD. Piper Sandler has already increased the price target of the company from $100 to $110 with a rating of overweight in a 13th January research report. Mizuho Securities has also increased the price target of the company from $102 to $105 with a rating of buy in a 27th January research report.
New Street Research has also put up a rating of sell with a price target of $70 in a 16th March research report. Rosenblatt Securities has also increased the price target from $120 to $135 with a rating of buy in a 27th January research report. In the end, the Royal Bank of Canada also increased the price target of the company from $100 to $105 with a rating of “outperform” in a 25th January research report.
Three of the investment analysts covering the stocks have given it a rating of sell, while eight of them have given it a rating of hold. Around twenty-one investment analysts have given the company a rating of buy. Currently, AMD has a buy rating with a $90.39 price target.