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Amkor Technology (AMKR) Dips More Than Broader Market: What You Should Know
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Amkor Technology (AMKR - Free Report) ended the recent trading session at $23.90, demonstrating a -1.2% change from the preceding day's closing price. This change lagged the S&P 500's 0.69% loss on the day. Elsewhere, the Dow lost 0.55%, while the tech-heavy Nasdaq lost 0.82%.
Shares of the chip packaging and test services provider have appreciated by 8.23% over the course of the past month, outperforming the Computer and Technology sector's gain of 3.71%, and the S&P 500's gain of 3.79%.
Market participants will be closely following the financial results of Amkor Technology in its upcoming release. The company's upcoming EPS is projected at $0.42, signifying a 14.29% drop compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $1.93 billion, up 3.61% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.1 per share and revenue of $6.44 billion, which would represent changes of -23.08% and +2.01%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Amkor Technology. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
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. Over the past month, the Zacks Consensus EPS estimate has remained steady. Amkor Technology is currently a Zacks Rank #3 (Hold).
Digging into valuation, Amkor Technology currently has a Forward P/E ratio of 22.09. This represents a discount compared to its industry average Forward P/E of 29.05.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 203, putting it in the bottom 18% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow AMKR in the coming trading sessions, be sure to utilize Zacks.com.
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Amkor Technology (AMKR) Dips More Than Broader Market: What You Should Know
Amkor Technology (AMKR - Free Report) ended the recent trading session at $23.90, demonstrating a -1.2% change from the preceding day's closing price. This change lagged the S&P 500's 0.69% loss on the day. Elsewhere, the Dow lost 0.55%, while the tech-heavy Nasdaq lost 0.82%.
Shares of the chip packaging and test services provider have appreciated by 8.23% over the course of the past month, outperforming the Computer and Technology sector's gain of 3.71%, and the S&P 500's gain of 3.79%.
Market participants will be closely following the financial results of Amkor Technology in its upcoming release. The company's upcoming EPS is projected at $0.42, signifying a 14.29% drop compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $1.93 billion, up 3.61% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.1 per share and revenue of $6.44 billion, which would represent changes of -23.08% and +2.01%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Amkor Technology. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
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. Over the past month, the Zacks Consensus EPS estimate has remained steady. Amkor Technology is currently a Zacks Rank #3 (Hold).
Digging into valuation, Amkor Technology currently has a Forward P/E ratio of 22.09. This represents a discount compared to its industry average Forward P/E of 29.05.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 203, putting it in the bottom 18% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow AMKR in the coming trading sessions, be sure to utilize Zacks.com.