Amkor Technology (AMKR) Surpasses Market Returns: Some Facts Worth Knowing

Company Performance - Amkor Technology (AMKR) closed at $30.48, reflecting a +1.67% change from the previous day, outperforming the S&P 500's daily gain of 0.47% [1] - Over the past month, shares of Amkor Technology have decreased by 2.31%, underperforming the Computer and Technology sector's gain of 3.88% and the S&P 500's gain of 3.48% [1] - The upcoming earnings report is scheduled for October 28, 2024, with expected EPS of$ 0.50, a decrease of 7.41% year-over-year, and revenue forecasted at $1.83 billion, an increase of 0.62% compared to the prior year [1] Annual Forecast - The Zacks Consensus Estimates predict earnings of$ 1.55 per share and revenue of $6.51 billion for the entire year, representing changes of +6.16% and +0.15% respectively compared to the previous year [2] - Recent adjustments to analyst estimates indicate the dynamic nature of near-term business trends, with positive revisions reflecting analysts' confidence in the company's performance [2] Valuation and Ranking - Amkor Technology currently holds a Zacks Rank of 3 (Hold), with a Forward P/E ratio of 19.39, which is a discount compared to the industry average Forward P/E of 34.75 [3] - The Electronics - Semiconductors industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 82, placing it in the top 33% of over 250 industries [3] Industry Insights - The Zacks Industry Rank evaluates 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]