In the latest close session, Amkor Technology (AMKR) was up +1.67% at $43.94. This change outpaced the S&P 500's 0.21% loss on the day. Elsewhere, the Dow lost 0.07%, while the tech-heavy Nasdaq added 0.01%.
Shares of the chip packaging and test services provider have depreciated by 17.71% over the course of the past month, underperforming the Computer and Technology sector's loss of 3.04%, and the S&P 500's loss of 2.26%.
The upcoming earnings release of Amkor Technology will be of great interest to investors. It is anticipated that the company will report an EPS of $0.23, marking a 155.56% rise compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $1.65 billion, up 25.01% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.62 per share and revenue of $7.26 billion, which would represent changes of +8% and +8.22%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Amkor Technology. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Over the past month, there's been a 2.1% rise in the Zacks Consensus EPS estimate. As of now, Amkor Technology holds a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Amkor Technology has a Forward P/E ratio of 26.62 right now. This represents a discount compared to its industry average Forward P/E of 36.63.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 79, placing it within the top 33% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much 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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