Why Amkor Technology (AMKR) Outpaced the Stock Market Today

Company Performance - Amkor Technology (AMKR) closed at $28.84, reflecting a +0.56% change from the previous day, outperforming the S&P 500's gain of 0.45% [1] - The stock has decreased by 8.78% over the past month, underperforming the Computer and Technology sector's loss of 0.98% and the S&P 500's gain of 2.54% [1] - The upcoming earnings report is expected to show an EPS of$ 0.50, a decline of 7.41% year-over-year, with revenue projected at $1.84 billion, an increase of 0.78% from the prior-year quarter [1] Annual Forecast - Zacks Consensus Estimates predict earnings of$ 1.54 per share and revenue of $6.51 billion for the year, representing changes of +5.48% and +0.15% respectively compared to the previous year [2] - Recent revisions to analyst forecasts for Amkor Technology are crucial as they reflect the changing nature of near-term business trends, with positive revisions indicating a favorable business outlook [2] Valuation and Ranking - Amkor Technology has a Zacks Rank of 4 (Sell), with the consensus EPS projection remaining unchanged over the past 30 days [3] - The company is currently trading at a Forward P/E ratio of 18.68, which is a discount compared to the industry average Forward P/E of 28.7 [3] - The Electronics - Semiconductors industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 96, placing it in the top 38% of over 250 industries [3]