Amkor Technology Likely To Report Lower Q3 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Core Insights - Amkor Technology, Inc. is set to release its third-quarter earnings results on October 27, with analysts expecting earnings of 43 cents per share, a decrease from 49 cents per share in the same period last year [1] - The consensus estimate for quarterly revenue is $1.93 billion, an increase from $1.86 billion a year earlier [1] Financial Performance - In the second quarter, Amkor Technology reported better-than-expected financial results and provided third-quarter sales guidance that exceeded estimates [2] - Following the positive second-quarter results, Amkor Technology shares rose by 2.5%, closing at $32.77 [2] Analyst Ratings - B. Riley Securities analyst Craig Ellis maintained a Neutral rating and raised the price target from $18 to $24 [4] - JP Morgan analyst Peter Peng maintained an Overweight rating and increased the price target from $25 to $27 [4] - Morgan Stanley analyst Joseph Moore maintained an Equal-Weight rating and boosted the price target from $19 to $20 [4] - Needham analyst Charles Shi maintained a Buy rating and raised the price target from $22 to $28 [4] - DA Davidson analyst Thomas Diffely maintained a Buy rating but cut the price target from $36 to $30 [4]