Here's Why Amkor Technology (AMKR) Fell More Than Broader Market

Company Performance - Amkor Technology (AMKR) closed at $32.96, reflecting a -0.75% change from the previous day, underperforming the S&P 500's daily loss of 0.02% [1] - The stock has increased by 2.06% over the past month, which is lower than the Computer and Technology sector's gain of 8.04% and the S&P 500's gain of 4.59% [1] - Analysts expect Amkor Technology to report earnings of$ 0.23 per share, indicating a year-over-year decline of 11.54%, with revenue forecasted at $1.45 billion, a 0.35% decline compared to the same quarter last year [1] Full Year Estimates - Zacks Consensus Estimates project earnings of$ 1.78 per share and revenue of $6.56 billion for the full year, representing changes of +21.92% and +0.92% from the prior year, respectively [2] - Recent adjustments to analyst estimates for Amkor Technology may indicate changing near-term business trends, with positive revisions suggesting optimism about the company's outlook [2] Zacks Rank and Valuation - Amkor Technology currently holds a Zacks Rank of 1 (Strong Buy), with the Zacks Rank system showing a track record of superior performance, with 1 stocks averaging an annual return of +25% since 1988 [3] - The company is trading at a Forward P/E ratio of 18.62, which is significantly lower than the industry average Forward P/E of 38.92, suggesting that Amkor Technology is trading at a discount [3] - The Electronics - Semiconductors industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 185, placing it in the bottom 27% of over 250 industries [3]