Does the Street Have Advanced Micro Devices Figured Out?
Jul 16th 2012 1:36PM
Updated Jul 16th 2012 1:42PM
Advanced Micro Devices (NYS: AMD) is expected to report Q2 earnings on July 19. 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' revenues will contract 10.4% and EPS will shrink 22.2%.
The average estimate for revenue is $1.41 billion. On the bottom line, the average EPS estimate is $0.07.
Last quarter, Advanced Micro Devices notched revenue of $1.59 billion. GAAP reported sales were 1.7% lower than the prior-year quarter's $1.61 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 $0.12. GAAP EPS were -$0.80 for Q1 against $0.68 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 1.7%, 4,140 basis points worse than the prior-year quarter. Operating margin was -35.7%, 3,940 basis points worse than the prior-year quarter. Net margin was -37.2%, 6,880 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $6.09 billion. The average EPS estimate is $0.49.
The stock has a two-star rating (out of five) at Motley Fool CAPS. Among 603 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 460 give Advanced Micro Devices a green thumbs-up, and 143 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 $7.61.
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The article Does the Street Have Advanced Micro Devices Figured Out? originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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