Amkor Technology (AMKR - Free Report) closed the most recent trading day at $12.98, moving +0.31% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.04%. Elsewhere, the Dow lost 0.1%, while the tech-heavy Nasdaq added 0.05%.
Prior to today's trading, shares of the chip packaging and test services provider had lost 0.46% over the past month. This has lagged the Computer and Technology sector's gain of 2.54% and the S&P 500's gain of 2.48% in that time.
Wall Street will be looking for positivity from AMKR as it approaches its next earnings report date. In that report, analysts expect AMKR to post earnings of $0.22 per share. This would mark year-over-year growth of 83.33%. Our most recent consensus estimate is calling for quarterly revenue of $1.09 billion, up 1.26% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.40 per share and revenue of $3.97 billion, which would represent changes of -24.53% and -8.05%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for AMKR. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. AMKR is holding a Zacks Rank of #1 (Strong Buy) right now.
Looking at its valuation, AMKR is holding a Forward P/E ratio of 32.35. For comparison, its industry has an average Forward P/E of 24.19, which means AMKR is trading at a premium to the group.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 36, which puts it in the top 15% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within 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.