Amkor Technology (AMKR) Advances But Underperforms Market: Key Facts

Group 1 - Amkor Technology (AMKR) stock closed at $42.12, with a daily increase of +0.43%, underperforming the S&P 500's gain of 0.55% [1] - Over the past month, Amkor Technology shares have increased by 19.56%, outperforming the Computer and Technology sector's gain of 5.73% and the S&P 500's gain of 4.28% [1] - The upcoming earnings report on July 29, 2024, is expected to show earnings of$ 0.22 per share, reflecting a year-over-year decline of 15.38%, with revenue anticipated at $1.45 billion, a 0.42% decrease from the previous year [1] Group 2 - Full-year Zacks Consensus Estimates predict earnings of$ 1.76 per share and revenue of $6.55 billion for Amkor Technology, indicating year-over-year increases of +20.55% and +0.7%, respectively [2] - Recent adjustments to analyst estimates for Amkor Technology are seen as indicators of the company's business outlook, with positive revisions suggesting optimism [2] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Amkor Technology at 3 (Hold), with a recent 1.17% decline in the Zacks Consensus EPS estimate [3] Group 3 - Amkor Technology has a Forward P/E ratio of 23.8, which is lower than the industry average Forward P/E of 37.64, indicating it is trading at a discount compared to its peers [3] - The Electronics - Semiconductors industry, to which Amkor Technology belongs, has a Zacks Industry Rank of 166, placing it in the bottom 35% of over 250 industries [3] - The Zacks Industry Rank measures the strength of industry groups based on the average Zacks Rank of individual stocks, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [4]