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Here is What to Know Beyond Why Amkor Technology, Inc. (AMKR) is a Trending Stock
AMKRAmkor Technology(AMKR) ZACKS·2024-05-30 14:06

Core Viewpoint - Amkor Technology (AMKR) has shown strong stock performance recently, outperforming both the S&P 500 and its industry peers, indicating potential for continued growth in the near term [1] Earnings Estimates - For the current quarter, Amkor Technology is expected to report earnings of 0.23pershare,reflectingayearoveryeardeclineof11.50.23 per share, reflecting a year-over-year decline of -11.5% [3] - The consensus earnings estimate for the current fiscal year is 1.78, indicating a year-over-year increase of +21.9%, with a recent upward revision of +3.9% [3] - For the next fiscal year, the earnings estimate is 2.47,representingasignificantincreaseof+38.82.47, representing a significant increase of +38.8% compared to the previous year [3] Revenue Growth - The consensus sales estimate for the current quarter is 1.45 billion, showing a slight decline of -0.4% year-over-year [5] - For the current fiscal year, the revenue estimate is 6.56billion,indicatingamodestincreaseof+0.96.56 billion, indicating a modest increase of +0.9%, while the next fiscal year is projected to grow by +11.2% to 7.3 billion [5] Recent Performance - In the last reported quarter, Amkor Technology achieved revenues of 1.37billion,down7.21.37 billion, down -7.2% year-over-year, but exceeded the Zacks Consensus Estimate by +1% [6] - The company reported an EPS of 0.24, which is a +140% surprise compared to the consensus estimate [6] - Amkor has consistently beaten consensus EPS estimates over the last four quarters and has topped revenue estimates twice during this period [6] Valuation - Amkor Technology is currently rated A in the Zacks Value Style Score, indicating it is trading at a discount compared to its peers [9] - Valuation multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) are essential for assessing whether the stock is fairly valued [7] Overall Outlook - The Zacks Rank 1 (Strong Buy) suggests that Amkor Technology may outperform the broader market in the near term, supported by positive earnings estimate revisions [4][10]