Advanced Micro Devices Inc. Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Advanced Micro Devices, Inc. (NYSE:AMD) will unveil its latest earnings on Tuesday, January 24, 2012. Advanced Micro Devices is a semiconductor company with manufacturing, research and development, and sales and administrative facilities throughout the world. It provides processing solutions for the computing and graphics markets.

Advanced Micro Devices, Inc. Earnings Preview Cheat Sheet.

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 16 cents per share, a rise of 14.3% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 14 cents. Between one and three months ago, the average estimate moved up. It has risen from 15 cents during the last month. Analysts are projecting profit to rise by 4.1% versus last year to 47 cents.

Past Earnings Performance: Last quarter, the company beat estimates by 5 cents, coming in at profit of 15 cents a share versus the estimate of net income of 10 cents a share. It marked the fourth straight quarter of beating estimates.

Investing Insights: Will the iPad 3 Be the Next Catalyst for Apple’s Stock?

Wall St. Revenue Expectations: On average, analysts predict $1.72 billion in revenue this quarter, a rise of 4.2% from the year ago quarter. Analysts are forecasting total revenue of $6.59 billion for the year, a rise of 1.5% from last year’s revenue of $6.49 billion.

Analyst Ratings: Analysts seem relatively indifferent about Advanced Micro Devices with 14 of 27 analysts surveyed maintaining a hold rating.

A Look Back: In the third quarter, the company swung to a profit of $97 million (13 cents a share) from a loss of $118 million (17 cents) a year earlier, beating analyst estimates. Revenue rose 4.4% to $1.69 billion from $1.62 billion.

Key Stats:

Revenue rose in the third quarter after seeing a drop the quarter before. In the second quarter, revenue fell 4.8%.

Competitors to Watch: Intel Corporation (NASDAQ:INTC), NVIDIA Corporation (NASDAQ:NVDA), MIPS Technologies, Inc. (NASDAQ:MIPS), Texas Instruments Inc. (NYSE:TXN), ARM Holdings plc (NASDAQ:ARMH), Microsoft Corporation (NASDAQ:MSFT), Intl. Business Machines Corp. (NYSE:IBM), Hewlett-Packard Company (NYSE:HPQ), Broadcom Corporation (NASDAQ:BRCM), and Apple Inc. (NASDAQ:AAPL).

Stock Price Performance: During October 20, 2011 to January 18, 2012, the stock price had risen $1.43 (31.5%) from $4.54 to $5.97. The stock price saw one of its best stretches over the last year between January 28, 2011 and February 4, 2011 when shares rose for six-straight days, rising 12.1% (+91 cents) over that span. It saw one of its worst periods between May 31, 2011 and June 8, 2011 when shares fell for seven-straight days, falling 12.2% (-$1.06) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

Investing Insights: Will the iPad 3 Be the Next Catalyst for Apple’s Stock?