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Why Amkor Technology (AMKR) Outpaced the Stock Market Today
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Amkor Technology (AMKR - Free Report) ended the recent trading session at $74.74, demonstrating a +2.74% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.13%. At the same time, the Dow added 0.45%, and the tech-heavy Nasdaq gained 0.03%.
Coming into today, shares of the chip packaging and test services provider had gained 2.52% in the past month. In that same time, the Computer and Technology sector gained 11.37%, while the S&P 500 gained 5.25%.
Analysts and investors alike will be keeping a close eye on the performance of Amkor Technology in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.47, showcasing a 113.64% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $1.8 billion, reflecting a 19.31% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.08 per share and revenue of $7.59 billion, which would represent changes of +38.67% and +13.16%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Amkor Technology. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Amkor Technology is currently sporting a Zacks Rank of #3 (Hold).
In the context of valuation, Amkor Technology is at present trading with a Forward P/E ratio of 34.92. This represents a discount compared to its industry average Forward P/E of 48.15.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 50, which puts it in the top 21% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.
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Why Amkor Technology (AMKR) Outpaced the Stock Market Today
Amkor Technology (AMKR - Free Report) ended the recent trading session at $74.74, demonstrating a +2.74% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.13%. At the same time, the Dow added 0.45%, and the tech-heavy Nasdaq gained 0.03%.
Coming into today, shares of the chip packaging and test services provider had gained 2.52% in the past month. In that same time, the Computer and Technology sector gained 11.37%, while the S&P 500 gained 5.25%.
Analysts and investors alike will be keeping a close eye on the performance of Amkor Technology in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.47, showcasing a 113.64% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $1.8 billion, reflecting a 19.31% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.08 per share and revenue of $7.59 billion, which would represent changes of +38.67% and +13.16%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Amkor Technology. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Amkor Technology is currently sporting a Zacks Rank of #3 (Hold).
In the context of valuation, Amkor Technology is at present trading with a Forward P/E ratio of 34.92. This represents a discount compared to its industry average Forward P/E of 48.15.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 50, which puts it in the top 21% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.