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Amkor Technology (AMKR) Suffers a Larger Drop Than the General Market: Key Insights

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Amkor Technology (AMKR - Free Report) closed at $48.00 in the latest trading session, marking a -2.44% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 0.06%. On the other hand, the Dow registered a loss of 0.17%, and the technology-centric Nasdaq decreased by 0.06%.

The chip packaging and test services provider's shares have seen an increase of 25.19% over the last month, surpassing the Computer and Technology sector's gain of 2.88% and the S&P 500's gain of 1.99%.

Investors will be eagerly watching for the performance of Amkor Technology in its upcoming earnings disclosure. On that day, Amkor Technology is projected to report earnings of $0.42 per share, which would represent a year-over-year decline of 2.33%. Meanwhile, our latest consensus estimate is calling for revenue of $1.83 billion, up 12.14% from the prior-year quarter.

For the full year, the Zacks Consensus Estimates are projecting earnings of $1.25 per share and revenue of $6.65 billion, which would represent changes of -12.59% and 0%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for Amkor Technology. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.7% lower. Amkor Technology presently features a Zacks Rank of #3 (Hold).

Looking at valuation, Amkor Technology is presently trading at a Forward P/E ratio of 32.87. For comparison, its industry has an average Forward P/E of 36.82, which means Amkor Technology is trading at a discount to the group.

The Electronics - Semiconductors industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 72, positioning it in the top 30% of all 250+ industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.


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