Amkor Technology(US:AMKR) ZACKS·2024-06-26 23:05Company Performance - Amkor Technology (AMKR) closed at $39.09, reflecting a -0.2% change from the previous day, underperforming the S&P 500's 0.16% gain [1] - Over the past month, Amkor's shares have increased by 17.07%, significantly outperforming the Computer and Technology sector's gain of 5.94% and the S&P 500's gain of 3.22% [1] - The upcoming earnings report is anticipated to show an EPS of $0.23, indicating an 11.54% decline from the same quarter last year, with projected revenue of $1.45 billion, down 0.35% year-over-year [1] Full Year Estimates - For the full year, analysts expect earnings of $1.78 per share and revenue of $6.56 billion, representing increases of +21.92% and +0.92% respectively from the previous year [2] - Recent modifications to analyst estimates are crucial as they reflect short-term business trends, with positive revisions indicating a favorable business outlook [2] Zacks Rank and Valuation - Amkor Technology currently holds a Zacks Rank of 1 (Strong Buy), which has historically delivered an average annual return of +25% since 1988 [3] - The company is trading at a Forward P/E ratio of 21.96, which is significantly lower than the industry average Forward P/E of 39.34, indicating a valuation discount [3] - The Electronics - Semiconductors industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 181, placing it in the bottom 29% of over 250 industries [3]