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Himax Tech (HIMX) Stock Moves -1.36%: What You Should Know
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Himax Tech (HIMX - Free Report) closed at $3.62 in the latest trading session, marking a -1.36% move from the prior day. This move was narrower than the S&P 500's daily loss of 1.91%. At the same time, the Dow lost 2.02%, and the tech-heavy Nasdaq lost 2.26%.
Heading into today, shares of the fabless semiconductor company had lost 13.44% over the past month, lagging the Computer and Technology sector's loss of 0.02% and the S&P 500's loss of 2.51% in that time.
HIMX will be looking to display strength as it nears its next earnings release, which is expected to be February 12, 2019. In that report, analysts expect HIMX to post earnings of $0.03 per share. This would mark a year-over-year decline of 78.57%. Our most recent consensus estimate is calling for quarterly revenue of $190.90 million, up 5.42% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.05 per share and revenue of $723.55 million, which would represent changes of -75% and +5.6%, respectively, from the prior year.
Any recent changes to analyst estimates for HIMX should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 12.5% higher. HIMX is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, HIMX is holding a Forward P/E ratio of 73.4. This valuation marks a premium compared to its industry's average Forward P/E of 16.27.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 74, which puts it in the top 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Himax Tech (HIMX) Stock Moves -1.36%: What You Should Know
Himax Tech (HIMX - Free Report) closed at $3.62 in the latest trading session, marking a -1.36% move from the prior day. This move was narrower than the S&P 500's daily loss of 1.91%. At the same time, the Dow lost 2.02%, and the tech-heavy Nasdaq lost 2.26%.
Heading into today, shares of the fabless semiconductor company had lost 13.44% over the past month, lagging the Computer and Technology sector's loss of 0.02% and the S&P 500's loss of 2.51% in that time.
HIMX will be looking to display strength as it nears its next earnings release, which is expected to be February 12, 2019. In that report, analysts expect HIMX to post earnings of $0.03 per share. This would mark a year-over-year decline of 78.57%. Our most recent consensus estimate is calling for quarterly revenue of $190.90 million, up 5.42% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.05 per share and revenue of $723.55 million, which would represent changes of -75% and +5.6%, respectively, from the prior year.
Any recent changes to analyst estimates for HIMX should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 12.5% higher. HIMX is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, HIMX is holding a Forward P/E ratio of 73.4. This valuation marks a premium compared to its industry's average Forward P/E of 16.27.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 74, which puts it in the top 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.