Amkor Technology(AMKR) ZACKS·2024-07-22 15:06Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Amkor Technology due to lower revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - Amkor Technology is expected to report quarterly earnings of 1.45 billion, which is a slight decline of 0.4% from the previous year [2]. Estimate Revisions - The consensus EPS estimate has been revised down by 3.12% over the last 30 days, indicating a bearish sentiment among analysts [2]. - The Most Accurate Estimate for Amkor Technology is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -1.49% [5]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive reading typically indicates a likely earnings beat, but Amkor's negative ESP reading complicates predictions of a positive surprise [3][4][6]. - Despite a history of beating consensus estimates, the current combination of a negative Earnings ESP and a Zacks Rank of 3 makes it challenging to predict an earnings beat for Amkor [5][6][7]. Historical Performance - In the last reported quarter, Amkor Technology exceeded expectations by posting earnings of 0.10, resulting in a surprise of +140% [7]. - The company has successfully beaten consensus EPS estimates in the last four quarters [7]. Conclusion - While Amkor Technology does not appear to be a strong candidate for an earnings beat, investors should consider other factors influencing stock performance ahead of the earnings release [8].