Advanced Micro Devices, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

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Advanced Micro Devices, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Simply Wall St.10-31

Last week, you might have seen that Advanced Micro Devices, Inc. (NASDAQ:AMD) released its quarterly result to the market. The early response was not positive, with shares down 3.2% to US$149 in the ...

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(NASDAQ:AMD) released its quarterly result to the market. The early response was not positive, with shares down 3.2% to US$149 in the past week.       Revenues were US$6.8b, approximately in line with expectations, although statutory earnings per share (EPS) performed substantially better. EPS of US$0.47 were also better than expected, beating analyst predictions by 16%.      Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company.  With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.  See our latest analysis for Advanced Micro Devices NasdaqGS:AMD Earnings and Revenue Growth October 31st 2024 Taking into account the latest results, the most recent consensus for Advanced Micro Devices from 46 analysts is for revenues of US$32.7b in 2025. If met, it would imply a substantial 35% increase on its revenue over the past 12 months.       Per-share earnings are expected to jump 198% to US$3.36.        Yet prior to the latest earnings, the analysts had been anticipated revenues of US$32.9b and earnings per share (EPS) of US$3.45 in 2025.        The analysts seem to have become a little more negative on the business after the latest results, given the small dip in their earnings per share numbers for next year.      The consensus price target held steady at US$187, with the analysts seemingly voting that their lower forecast earnings are not expected to lead to a lower stock price in the foreseeable future.        That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets.   The most optimistic Advanced Micro Devices analyst has a price target of US$250 per share, while the most pessimistic values it at US$146.   Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await Advanced Micro Devices shareholders.      One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing.     The period to the end of 2025 brings more of the same, according to the analysts, with revenue forecast to display 27% growth on an annualised basis. That is in line with its 25% annual growth over the past five years.    Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 18% annually.  So it's pretty clear that Advanced Micro Devices is forecast to grow substantially faster than its industry.     The Bottom Line  The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results.        Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry.       The consensus price target held steady at US$187, with the latest estimates not enough to have an impact on their price targets.   Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider.   We have estimates - from multiple Advanced Micro Devices analysts - going out to 2026, and you can see them free on our platform here.  Another thing to consider is whether management and directors have been buying or selling stock recently. We provide an overview of all open market stock trades  for the last twelve months on our platform, here. New: Manage All Your Stock Portfolios in One PlaceWe've created the ultimate portfolio companion for stock investors, and it's free.• Connect an unlimited number of Portfolios and see your total in one currency• Be alerted to new Warning Signs or Risks via email or mobile• Track the Fair Value of your stocksTry a Demo Portfolio for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}