AMD: Analysts Expect Second Quarter Revenue of $6.55 Billion
Advanced Micro Devices (NASDAQ: AMD) will release its second quarter financial results today after market close. Analysts have a consensus 12-month price target of $128.11 for the company, via a total of 42 analysts, including nine analysts with strong buy ratings.
19 analysts have buy ratings, 13 analysts have hold ratings and only one analyst has a sell rating on the stock. The high of the street comes from Elazar Advisors with a price target of $230, and the lowest target sits at $85.
26 analysts have revenue estimates for the second quarter. The average revenue estimate among the 26 analysts is $6.55 billion; this number has been revised upwards since the beginning of the year. The highest revenue estimate is $6.7 billion, while the lowest is $6.5 billion.
Regarding EBITDA estimates, only 4 analysts currently have EBITDA estimates for the second quarter. The average is currently $2.1 billion. The estimate has been revised downward since the beginning of the year. The high is an EBITDA estimate of $2.1 billion and the low is $2 billion.
Analysts estimate quarterly earnings per share will come in at $1.03, down from $0.78 estimated at the start of the year. The high street estimate is $1.16 and the low estimate is $0.97 per share for the quarter.
Information for this briefing was found via Sedar and Refinitiv. The author has no security or affiliation related to the organizations discussed. Not a buy or sell recommendation. Always do additional research and consult a professional before purchasing a title. The author holds no license.