AMD (AMD, $92.88) beats Q1 earnings expectations
Advanced Micro Devices, Inc. posted its Q1 FY 2022 earnings that handily topped analysts’ expectations.
The chipmaker’s earnings for the quarter came in at $1.13 a share, crushing the $0.91 estimate from analysts(according to Visible Alpha consensus). The EPS is also double that of the year-ago quarter.
Revenue surged +71% year-over-year to $5.9 billion in the quarter (vs. $5.2 billion expected by analysts).
The company’s Enterprise, Embedded and Semi-Custom segment generated a record revenue of $2.5 billion, also surpassing analyst forecast. The segment grew + 88% year-over-year. Although smaller among AMD’s two main business segments (the other segment being Computing and Graphics ), the Enterprise, Embedded and Semi-Custom is growing rapidly. In recent times, people working and studying from home has surged due to the pandemic, thereby fuelling demand for greater data center server capacity.
AMD is projecting Q2 FY 2022 revenue to range between $6.3 billion and $6.7 billion, which would imply + 69% year-over-year growth. The company expects full year 2022 revenue to be around $26.3 billion, representing a year-over-year increase of +60%.
AMD in +17.33% Uptrend, advancing for three consecutive days on May 26, 2023
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where AMD advanced for three days, in of 306 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on May 05, 2023. You may want to consider a long position or call options on AMD as a result. In of 81 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for AMD just turned positive on May 08, 2023. Looking at past instances where AMD's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .
AMD moved above its 50-day moving average on May 05, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for AMD crossed bullishly above the 50-day moving average on May 11, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 7 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 14 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
AMD broke above its upper Bollinger Band on May 25, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for AMD entered a downward trend on May 09, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. AMD’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 63, placing this stock better than average.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.740) is normal, around the industry mean (6.997). AMD's P/E Ratio (666.667) is considerably higher than the industry average of (54.530). Projected Growth (PEG Ratio) (2.683) is also within normal values, averaging (2.588). Dividend Yield (0.000) settles around the average of (0.024) among similar stocks. P/S Ratio (8.929) is also within normal values, averaging (11.530).
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