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Amkor Technology (AMKR) Stock Sinks As Market Gains: Here's Why

Group 1 - Amkor Technology (AMKR) closed at $30.36, down 0.99% from the previous trading day, underperforming the S&P 500's gain of 0.13% [1] - The stock has decreased by 5.84% over the past month, while the Computer and Technology sector gained 1.56% and the S&P 500 increased by 3.67% [1] - The upcoming earnings report is expected to show an EPS of $0.50, a 7.41% decline year-over-year, with projected revenue of $1.84 billion, up 0.78% from the previous year [1] Group 2 - Full-year Zacks Consensus Estimates predict earnings of $1.54 per share and revenue of $6.51 billion, reflecting year-over-year increases of 5.48% and 0.15% respectively [2] - Recent changes in analyst estimates indicate a shifting business landscape, with upward revisions suggesting analysts' positive outlook on the company's operations [2] Group 3 - Amkor Technology currently holds a Zacks Rank of 5 (Strong Sell), with the Zacks Consensus EPS estimate remaining unchanged over the last 30 days [3] - The company is trading at a Forward P/E ratio of 19.97, which is lower than the industry's Forward P/E of 28.24, indicating a valuation discount [3] - The Electronics - Semiconductors industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 134, placing it in the bottom 48% of over 250 industries [3]