Could AMD Crumble on Earnings this Quarter?
"Key Takeaways
The Estimize consensus is calling for EPS of -$0.13 on revenue expectations of $821.48 million, right in line on the bottom and $3.5 million higher on top
AMD has been on the wrong side of the semiconductor industry which has struggled from waning demand for PC’s, a strong U.S. dollar and weakness in China
AMD’s core business as a CPU and GPU provider continues to be second fiddle to industry leaders Intel and NVIDIA, respectively
What are you expecting for AMD? Get your estimate in here!
This Thursday, worldwide semiconductor manufacturer, Advanced Micro Devices is scheduled to report first quarter earnings, after the market closes. These past few years have been particularly tough for semiconductors as the U.S. dollar grows stronger and demand for PCs decline. The industry’s downturn has adversely impacted AMD’s earnings with recent estimates positioning the chipmaker to miss expectations for 7th quarter in the past 2 years. To top it off, revenue has been just as dismal, despite a small win in Q3 of last year. Ahead of these earnings, estimates have frantically dropped with per share estimates falling 6% and revenue down 3%. As a result, the Estimize consensus is calling for EPS of -$0.13 on revenue expectations of $821.48 million, right in line on the bottom and $3.5 million higher on top. Earnings continue to decline on a year over year basis with current estimates predicting a 37% decline in earnings per share and 19% fall in revenue. Given AMD’s track record, it’s not surprising the stock frequently moves downward during earnings season. Thirty days ahead of earnings the stock, on average, declines 7%."
blog.estimize.com
Mahmoud |
