Advanced Micro Devices (NYSE: AMD ) is expected to report Q3 earnings on Oct. 18. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Advanced Micro Devices's revenues will wane -24.7% and EPS will shrink to a loss.
The average estimate for revenue is $1.27 billion. On the bottom line, the average EPS estimate is -$0.16.
Last quarter, Advanced Micro Devices logged revenue of $1.41 billion. GAAP reported sales were 10% lower than the prior-year quarter's $1.57 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.06. GAAP EPS of $0.05 for Q2 were 38% lower than the prior-year quarter's $0.08 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 45.5%, 20 basis points worse than the prior-year quarter. Operating margin was 5.8%, 90 basis points worse than the prior-year quarter. Net margin was 2.6%, 130 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $5.58 billion. The average EPS estimate is $0.02.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 3,072 members out of 3,739 rating the stock outperform, and 667 members rating it underperform. Among 594 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 437 give Advanced Micro Devices a green thumbs-up, and 157 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Advanced Micro Devices is hold, with an average price target of $8.58.
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