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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) ended the recent trading session at $69.64, demonstrating a -1.79% change from the preceding day's closing price. This move lagged the S&P 500's daily loss of 1.62%. Meanwhile, the Dow experienced a drop of 1.87%, and the technology-dominated Nasdaq saw a decrease of 1.98%.
Shares of the chip packaging and test services provider witnessed a loss of 3.46% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 0.74%, and the S&P 500's loss of 0.03%.
Market participants will be closely following the financial results of Amkor Technology in its upcoming release. It is anticipated that the company will report an EPS of $0.47, marking a 113.64% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $1.8 billion, indicating a 19.31% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $2.08 per share and a revenue of $7.59 billion, demonstrating changes of +38.67% and +13.16%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Amkor Technology. 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 business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. At present, Amkor Technology boasts a Zacks Rank of #3 (Hold).
Investors should also note Amkor Technology's current valuation metrics, including its Forward P/E ratio of 34.04. This expresses a discount compared to the average Forward P/E of 48.66 of its industry.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 50, positioning it in the top 21% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Amkor Technology (AMKR) Suffers a Larger Drop Than the General Market: Key Insights
Amkor Technology (AMKR - Free Report) ended the recent trading session at $69.64, demonstrating a -1.79% change from the preceding day's closing price. This move lagged the S&P 500's daily loss of 1.62%. Meanwhile, the Dow experienced a drop of 1.87%, and the technology-dominated Nasdaq saw a decrease of 1.98%.
Shares of the chip packaging and test services provider witnessed a loss of 3.46% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 0.74%, and the S&P 500's loss of 0.03%.
Market participants will be closely following the financial results of Amkor Technology in its upcoming release. It is anticipated that the company will report an EPS of $0.47, marking a 113.64% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $1.8 billion, indicating a 19.31% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $2.08 per share and a revenue of $7.59 billion, demonstrating changes of +38.67% and +13.16%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Amkor Technology. 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 business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. At present, Amkor Technology boasts a Zacks Rank of #3 (Hold).
Investors should also note Amkor Technology's current valuation metrics, including its Forward P/E ratio of 34.04. This expresses a discount compared to the average Forward P/E of 48.66 of its industry.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 50, positioning it in the top 21% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.