Compared to Estimates, Advanced Micro (AMD) Q4 Earnings: A Look at Key Metrics

Advanced Micro Devices (AMD) reported $5.6 billion in revenue for the quarter ended December 2022, representing a year-over-year increase of 16%. EPS of $0.69 for the same period compares to $0.92 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $5.51 billion, representing a surprise of +1.58%. The company delivered an EPS surprise of +4.55%, with the consensus EPS estimate being $0.66.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Advanced Micro performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Revenue-Data Center: $1.66 billion versus $1.58 billion estimated by four analysts on average.
  • Revenue-Client: $903 million compared to the $1.12 billion average estimate based on four analysts.
  • Revenue - Gaming: $1.64 billion versus $1.49 billion estimated by three analysts on average.
  • Revenue - Embedded: $1.40 billion versus the three-analyst average estimate of $1.28 billion.

View all Key Company Metrics for Advanced Micro here>>>

Shares of Advanced Micro have returned +11.9% over the past month versus the Zacks S&P 500 composite's +4.8% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

Zacks Names "Single Best Pick to Double"

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.

This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report

To read this article on click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.