Amkor Technology(AMKR) ZACKS·2024-10-21 15:05Core Viewpoint - Amkor Technology (AMKR) is anticipated to report a year-over-year decline in earnings despite an increase in revenues, with the earnings report expected on October 28, 2024 [1] Revenue and Earnings Estimates - The consensus estimate for quarterly earnings is 1.83 billion, which is a 0.6% increase from the same quarter last year [2] Estimate Revisions - The consensus EPS estimate has been revised 2.88% higher in the last 30 days, indicating a positive reassessment by analysts [3] - A positive Earnings ESP of +0.81% suggests that analysts are optimistic about the company's earnings prospects [7] Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [5] - Amkor Technology currently holds a Zacks Rank of 3, which, along with the positive Earnings ESP, suggests a likelihood of beating the consensus EPS estimate [7] Historical Performance - In the last reported quarter, Amkor Technology exceeded the expected earnings of 0.27, resulting in a surprise of +22.73% [8] - The company has consistently beaten consensus EPS estimates over the last four quarters [8] Conclusion - Amkor Technology is positioned as a compelling candidate for an earnings beat, although investors should consider other influencing factors before making investment decisions [9]