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Amkor Technology (AMKR) Falls More Steeply Than Broader Market: What Investors Need to Know
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Amkor Technology (AMKR - Free Report) ended the recent trading session at $86.72, demonstrating a -7.3% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 1.44%. Elsewhere, the Dow lost 0.09%, while the tech-heavy Nasdaq lost 2.22%.
Heading into today, shares of the chip packaging and test services provider had gained 42.28% over the past month, outpacing the Computer and Technology sector's gain of 0.98% and the S&P 500's gain of 0.08%.
The investment community will be paying close attention to the earnings performance of Amkor Technology in its upcoming release. On that day, Amkor Technology is projected to report earnings of $0.47 per share, which would represent year-over-year growth of 113.64%. Meanwhile, the latest consensus estimate predicts the revenue to be $1.8 billion, indicating a 19.31% increase compared to the same quarter of the previous year.
AMKR's full-year Zacks Consensus Estimates are calling for earnings of $2.08 per share and revenue of $7.59 billion. These results would represent year-over-year changes of +38.67% and +13.16%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Amkor Technology. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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. The Zacks Consensus EPS estimate remained stagnant within the past month. At present, Amkor Technology boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Amkor Technology is currently trading at a Forward P/E ratio of 44.9. This indicates a discount in contrast to its industry's Forward P/E of 56.17.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 58, putting it in the top 24% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
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Amkor Technology (AMKR) Falls More Steeply Than Broader Market: What Investors Need to Know
Amkor Technology (AMKR - Free Report) ended the recent trading session at $86.72, demonstrating a -7.3% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 1.44%. Elsewhere, the Dow lost 0.09%, while the tech-heavy Nasdaq lost 2.22%.
Heading into today, shares of the chip packaging and test services provider had gained 42.28% over the past month, outpacing the Computer and Technology sector's gain of 0.98% and the S&P 500's gain of 0.08%.
The investment community will be paying close attention to the earnings performance of Amkor Technology in its upcoming release. On that day, Amkor Technology is projected to report earnings of $0.47 per share, which would represent year-over-year growth of 113.64%. Meanwhile, the latest consensus estimate predicts the revenue to be $1.8 billion, indicating a 19.31% increase compared to the same quarter of the previous year.
AMKR's full-year Zacks Consensus Estimates are calling for earnings of $2.08 per share and revenue of $7.59 billion. These results would represent year-over-year changes of +38.67% and +13.16%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Amkor Technology. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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. The Zacks Consensus EPS estimate remained stagnant within the past month. At present, Amkor Technology boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Amkor Technology is currently trading at a Forward P/E ratio of 44.9. This indicates a discount in contrast to its industry's Forward P/E of 56.17.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 58, putting it in the top 24% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.