Himax Tech (HIMX - Free Report) closed the most recent trading day at $14.02, moving -1.41% from the previous trading session. This change lagged the S&P 500's daily loss of 0.02%.
Prior to today's trading, shares of the fabless semiconductor company had gained 23.76% over the past month. This has outpaced the Computer and Technology sector's gain of 10.8% and the S&P 500's gain of 5.48% in that time.
HIMX will be looking to display strength as it nears its next earnings release, which is expected to be May 6, 2021. On that day, HIMX is projected to report earnings of $0.38 per share, which would represent year-over-year growth of 1800%. Meanwhile, our latest consensus estimate is calling for revenue of $302.75 million, up 64.01% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.20 per share and revenue of $1.23 billion, which would represent changes of +300% and +38.58%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for HIMX. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 3% higher within the past month. HIMX currently has a Zacks Rank of #2 (Buy).
Digging into valuation, HIMX currently has a Forward P/E ratio of 11.85. Its industry sports an average Forward P/E of 20.66, so we one might conclude that HIMX is trading at a discount comparatively.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 111, which puts it in the top 44% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Himax Tech (HIMX - Free Report) closed the most recent trading day at $14.02, moving -1.41% from the previous trading session. This change lagged the S&P 500's daily loss of 0.02%.
Prior to today's trading, shares of the fabless semiconductor company had gained 23.76% over the past month. This has outpaced the Computer and Technology sector's gain of 10.8% and the S&P 500's gain of 5.48% in that time.
HIMX will be looking to display strength as it nears its next earnings release, which is expected to be May 6, 2021. On that day, HIMX is projected to report earnings of $0.38 per share, which would represent year-over-year growth of 1800%. Meanwhile, our latest consensus estimate is calling for revenue of $302.75 million, up 64.01% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.20 per share and revenue of $1.23 billion, which would represent changes of +300% and +38.58%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for HIMX. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 3% higher within the past month. HIMX currently has a Zacks Rank of #2 (Buy).
Digging into valuation, HIMX currently has a Forward P/E ratio of 11.85. Its industry sports an average Forward P/E of 20.66, so we one might conclude that HIMX is trading at a discount comparatively.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 111, which puts it in the top 44% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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