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Amkor Technology (AMKR) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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In the latest close session, Amkor Technology (AMKR - Free Report) was down 9.59% at $45.14. This change lagged the S&P 500's daily loss of 1.74%. Meanwhile, the Dow lost 1.01%, and the Nasdaq, a tech-heavy index, lost 2.38%.
Heading into today, shares of the chip packaging and test services provider had lost 1.98% over the past month, outpacing the Computer and Technology sector's loss of 5.77% and the S&P 500's loss of 4.99%.
The investment community will be closely monitoring the performance of Amkor Technology in its forthcoming earnings report. The company's upcoming EPS is projected at $0.23, signifying a 155.56% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $1.65 billion, indicating a 25.01% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $1.62 per share and a revenue of $7.26 billion, demonstrating changes of +8% and +8.22%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Amkor Technology. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Currently, Amkor Technology is carrying a Zacks Rank of #3 (Hold).
With respect to valuation, Amkor Technology is currently being traded at a Forward P/E ratio of 30.76. This valuation marks a discount compared to its industry average Forward P/E of 36.2.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 90, this industry ranks in the top 37% of all industries, numbering over 250.
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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Amkor Technology (AMKR) Sees a More Significant Dip Than Broader Market: Some Facts to Know
In the latest close session, Amkor Technology (AMKR - Free Report) was down 9.59% at $45.14. This change lagged the S&P 500's daily loss of 1.74%. Meanwhile, the Dow lost 1.01%, and the Nasdaq, a tech-heavy index, lost 2.38%.
Heading into today, shares of the chip packaging and test services provider had lost 1.98% over the past month, outpacing the Computer and Technology sector's loss of 5.77% and the S&P 500's loss of 4.99%.
The investment community will be closely monitoring the performance of Amkor Technology in its forthcoming earnings report. The company's upcoming EPS is projected at $0.23, signifying a 155.56% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $1.65 billion, indicating a 25.01% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $1.62 per share and a revenue of $7.26 billion, demonstrating changes of +8% and +8.22%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Amkor Technology. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Currently, Amkor Technology is carrying a Zacks Rank of #3 (Hold).
With respect to valuation, Amkor Technology is currently being traded at a Forward P/E ratio of 30.76. This valuation marks a discount compared to its industry average Forward P/E of 36.2.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 90, this industry ranks in the top 37% of all industries, numbering over 250.
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.
You can find more information on all of these metrics, and much more, on Zacks.com.