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Amkor Technology (AMKR) Falls More Steeply Than Broader Market: What Investors Need to Know
AMKRAmkor Technology(AMKR) ZACKS·2024-12-20 00:06

Group 1 - Amkor Technology's stock closed at 25.13,reflectinga1.6425.13, reflecting a -1.64% change from the previous day, underperforming the S&P 500's loss of 0.09% [1] - Over the past month, Amkor's shares gained 0.75%, which is lower than the Computer and Technology sector's gain of 3.04% and better than the S&P 500's loss of 0.29% [1] Group 2 - The upcoming earnings per share (EPS) for Amkor is projected at 0.37, indicating a 22.92% decline compared to the same quarter last year, with revenue expected to be 1.65billion,down5.781.65 billion, down 5.78% year-over-year [2] - For the full year, analysts expect earnings of 1.38 per share and revenue of $6.38 billion, representing changes of -5.48% and -1.85% from the previous year, respectively [3] Group 3 - Recent revisions to analyst forecasts for Amkor Technology are important as they reflect changing business trends, with positive revisions indicating a favorable business outlook [4] - The Zacks Rank system, which assesses estimate changes, currently ranks Amkor Technology as 5 (Strong Sell), with a stagnant EPS projection over the past 30 days [6] Group 4 - Amkor Technology has a Forward P/E ratio of 18.51, which is a discount compared to the industry average Forward P/E of 36.98 [7] - The Electronics - Semiconductors industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 127, placing it in the top 50% of over 250 industries [7][8]