Amkor Technology (AMKR) ended the recent trading session at $25.38, demonstrating a +2.38% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.85%. Meanwhile, the Dow gained 1.36%, and the Nasdaq, a tech-heavy index, added 0.72%.
Heading into today, shares of the chip packaging and test services provider had lost 0.68% over the past month, lagging the Computer and Technology sector's gain of 4.39% and the S&P 500's gain of 2.38%.
The upcoming earnings release of Amkor Technology will be of great interest to investors. The company is predicted to post an EPS of $0.42, indicating a 14.29% decline compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.93 billion, indicating a 3.61% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.1 per share and a revenue of $6.44 billion, signifying shifts of -23.08% and +2.01%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Amkor Technology. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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 past month, there's been no change in the Zacks Consensus EPS estimate. Amkor Technology is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Amkor Technology currently has a Forward P/E ratio of 22.64. This valuation marks a discount compared to its industry average Forward P/E of 31.1.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 195, finds itself in the bottom 22% echelons 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Amkor Technology, Inc. (AMKR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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