We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
ASE Technology (ASX) to Report Q1 Earnings: What's in Store?
Read MoreHide Full Article
ASE Technology Holding Co., Ltd. (ASX - Free Report) is set to report first-quarter 2020 results on Apr 29.
For the first quarter, the company expects ATM segment revenues to be between second- and third-quarter 2019 reported figures of NT$59.6 billion and NT$67.9 billion, respectively. While EMS segment revenues are expected to be unchanged from the prior-year quarter’s figure of NT$35 billion.
Notably, the company has announced unaudited consolidated revenues of NT$37.9 billion ($1.3 billion) for March, NT$28.1 billion ($939 million) for February and NT$31.3 billion ($1.04 billion) for January.
Q4 at a Glance
In fourth-quarter 2019, the company reported revenues of NT$116 billion, up 1.7% from the year-ago quarter’s reported figure but down 1.3% sequentially.
Diluted earnings during the quarter were NT$1.47 ($0.096 per ADS) per share, up 18.5% from the year-ago quarter’s reported quarter and 10.5% sequentially.
Let’s see how things have shaped up prior to this announcement.
Advanced Semiconductor Engineering, Inc. Price and EPS Surprise
Robust adoption of the company’s test solutions is expected to have driven the company’s ATM segment revenues in the quarter under review.
Moreover, solid traction for system-in-package (SiP) products is likely to have boosted EMS revenue growth in the to-be-reported quarter.
In 2019, the company generated EMS revenues of $165.9 billion, up 9% year over year, driven by growth within SiP products. The momentum is likely to have continued in the quarter to be reported owing to the growing popularity of 5G-related devices.
Further, due to a decline in input-output density for shrinking, there is an ongoing momentum in fan-out packaging methods on the next foundry node. This is expected to get reflected in first-quarter results.
Additionally, the company’s investments in geographical expansion are likely to have aided it in acquiring new customers. This is anticipated to have driven top-line growth in the to-be-reported quarter.
However, increased expenditure on Research & Development (R&D) and employee compensation are likely to have kept margins under pressure.
Moreover, the global coronavirus pandemic has led to a shortage of labor for the company. This has caused delays in production, which is expected to have had a negative impact on revenues. Supply-chain disruptions due to the crisis are also likely to have been a headwind in the first quarter.
Zacks Rank & Other Stocks to Consider
ASE Technology currently sports a Zacks Rank #2 (Buy).
The long-term earnings growth rate for Avid, Netlist and OSI is currently pegged at 20%, 15% and 18%, respectively.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
ASE Technology (ASX) to Report Q1 Earnings: What's in Store?
ASE Technology Holding Co., Ltd. (ASX - Free Report) is set to report first-quarter 2020 results on Apr 29.
For the first quarter, the company expects ATM segment revenues to be between second- and third-quarter 2019 reported figures of NT$59.6 billion and NT$67.9 billion, respectively. While EMS segment revenues are expected to be unchanged from the prior-year quarter’s figure of NT$35 billion.
Notably, the company has announced unaudited consolidated revenues of NT$37.9 billion ($1.3 billion) for March, NT$28.1 billion ($939 million) for February and NT$31.3 billion ($1.04 billion) for January.
Q4 at a Glance
In fourth-quarter 2019, the company reported revenues of NT$116 billion, up 1.7% from the year-ago quarter’s reported figure but down 1.3% sequentially.
Diluted earnings during the quarter were NT$1.47 ($0.096 per ADS) per share, up 18.5% from the year-ago quarter’s reported quarter and 10.5% sequentially.
Let’s see how things have shaped up prior to this announcement.
Advanced Semiconductor Engineering, Inc. Price and EPS Surprise
Advanced Semiconductor Engineering, Inc. price-eps-surprise | Advanced Semiconductor Engineering, Inc. Quote
Factors to Consider
Robust adoption of the company’s test solutions is expected to have driven the company’s ATM segment revenues in the quarter under review.
Moreover, solid traction for system-in-package (SiP) products is likely to have boosted EMS revenue growth in the to-be-reported quarter.
In 2019, the company generated EMS revenues of $165.9 billion, up 9% year over year, driven by growth within SiP products. The momentum is likely to have continued in the quarter to be reported owing to the growing popularity of 5G-related devices.
Further, due to a decline in input-output density for shrinking, there is an ongoing momentum in fan-out packaging methods on the next foundry node. This is expected to get reflected in first-quarter results.
Additionally, the company’s investments in geographical expansion are likely to have aided it in acquiring new customers. This is anticipated to have driven top-line growth in the to-be-reported quarter.
However, increased expenditure on Research & Development (R&D) and employee compensation are likely to have kept margins under pressure.
Moreover, the global coronavirus pandemic has led to a shortage of labor for the company. This has caused delays in production, which is expected to have had a negative impact on revenues. Supply-chain disruptions due to the crisis are also likely to have been a headwind in the first quarter.
Zacks Rank & Other Stocks to Consider
ASE Technology currently sports a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the broader technology sector are Avid Technology, Inc. , Netlist, Inc. (NLST - Free Report) and OSI Systems, Inc. (OSIS - Free Report) , which sport a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The long-term earnings growth rate for Avid, Netlist and OSI is currently pegged at 20%, 15% and 18%, respectively.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>