Gear Up for Advanced Micro (AMD) Q4 Earnings: Wall Street Estimates for Key Metrics

Core Insights - Advanced Micro Devices (AMD) is expected to report quarterly earnings of $1.07 per share, reflecting a year-over-year increase of 39$7.52 billion, which represents a 21.8% increase compared to the same quarter last year [1] Earnings Projections - The consensus EPS estimate has been revised downward by 0.8% in the past 30 days, indicating a reassessment by covering analysts [2] - Changes in earnings projections are crucial for predicting investor reactions and have shown a strong correlation with short-term stock price movements [3] Revenue Estimates - Analysts estimate 'Net revenue- Data Center' to reach $4.10 billion, indicating a year-over-year increase of 79.7$922.06 million, suggesting a decline of 12.8% year over year [5] - 'Net revenue- Gaming' is expected to be $509.49 million, reflecting a significant decrease of 62.8$1.97 billion, indicating a year-over-year increase of 35.1% [6] Market Performance - AMD shares have shown a return of -2.9% over the past month, contrasting with the Zacks S&P 500 composite's increase of 1.2% [6] - AMD holds a Zacks Rank 4 (Sell), suggesting it may underperform the overall market in the near future [6]