AMD Stock Outperforms Major Indexes in January on Expectations of Strong Q4 Earnings
• AMD stock closed 1.85% higher, outperforming the S&P 500, Dow, and Nasdaq • AMD shares have gained 17.54% in the past month compared to ~5% for major indexes • AMD expected to report strong Q4 results - EPS of $0.77, up 11.59% and revenue of $6.11B, up 9.2% • For full year, EPS estimate is -$2.65 (-24.29% YoY) and revenue is $22.63B (-4.13% YoY) • AMD has a premium forward P/E ratio of 54.14 compared to industry average of 28.63