We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
United Microelectronics Corporation (UMC) Stock Sinks As Market Gains: What You Should Know
Read MoreHide Full Article
United Microelectronics Corporation (UMC - Free Report) closed the most recent trading day at $11.58, moving -0.43% from the previous trading session. This move lagged the S&P 500's daily gain of 0.62%. At the same time, the Dow added 0.55%, and the tech-heavy Nasdaq lost 0.03%.
Coming into today, shares of the company had gained 1.49% in the past month. In that same time, the Computer and Technology sector gained 0.29%, while the S&P 500 gained 0.87%.
United Microelectronics Corporation will be looking to display strength as it nears its next earnings release. In that report, analysts expect United Microelectronics Corporation to post earnings of $0.22 per share. This would mark year-over-year growth of 37.5%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.07 billion, up 30.28% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.81 per share and revenue of $7.77 billion, which would represent changes of +92.86% and +28.93%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for United Microelectronics Corporation. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. United Microelectronics Corporation is currently sporting a Zacks Rank of #2 (Buy).
Looking at its valuation, United Microelectronics Corporation is holding a Forward P/E ratio of 14.3. Its industry sports an average Forward P/E of 24.82, so we one might conclude that United Microelectronics Corporation is trading at a discount comparatively.
Meanwhile, UMC's PEG ratio is currently 0.51. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Electronics - Semiconductors industry currently had an average PEG ratio of 1.76 as of yesterday's close.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 46, which puts it in the top 19% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
United Microelectronics Corporation (UMC) Stock Sinks As Market Gains: What You Should Know
United Microelectronics Corporation (UMC - Free Report) closed the most recent trading day at $11.58, moving -0.43% from the previous trading session. This move lagged the S&P 500's daily gain of 0.62%. At the same time, the Dow added 0.55%, and the tech-heavy Nasdaq lost 0.03%.
Coming into today, shares of the company had gained 1.49% in the past month. In that same time, the Computer and Technology sector gained 0.29%, while the S&P 500 gained 0.87%.
United Microelectronics Corporation will be looking to display strength as it nears its next earnings release. In that report, analysts expect United Microelectronics Corporation to post earnings of $0.22 per share. This would mark year-over-year growth of 37.5%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.07 billion, up 30.28% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.81 per share and revenue of $7.77 billion, which would represent changes of +92.86% and +28.93%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for United Microelectronics Corporation. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. United Microelectronics Corporation is currently sporting a Zacks Rank of #2 (Buy).
Looking at its valuation, United Microelectronics Corporation is holding a Forward P/E ratio of 14.3. Its industry sports an average Forward P/E of 24.82, so we one might conclude that United Microelectronics Corporation is trading at a discount comparatively.
Meanwhile, UMC's PEG ratio is currently 0.51. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Electronics - Semiconductors industry currently had an average PEG ratio of 1.76 as of yesterday's close.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 46, which puts it in the top 19% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.