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Investors Heavily Search Amkor Technology, Inc. (AMKR): Here is What You Need to Know
AMKRAmkor Technology(AMKR) ZACKS·2024-06-12 14:06

Core Viewpoint - Amkor Technology (AMKR) is currently experiencing a mixed performance in the stock market, with a recent return of +2.3% over the past month, lagging behind the S&P 500's +3.1% and the Zacks Electronics - Semiconductors industry's +7.2% [1] Earnings Estimates Revisions - For the current quarter, Amkor Technology is expected to report earnings of 0.23pershare,reflectingadecreaseof11.50.23 per share, reflecting a decrease of -11.5% year-over-year [3] - The consensus earnings estimate for the current fiscal year is 1.78, indicating an increase of +21.9% from the previous year [3] - For the next fiscal year, the earnings estimate is 2.47,suggestingagrowthof+38.82.47, suggesting a growth of +38.8% compared to the prior year [3] Revenue Growth Potential - The consensus sales estimate for the current quarter is 1.45 billion, which represents a slight decline of -0.4% year-over-year [5] - The sales estimates for the current and next fiscal years are 6.56billionand6.56 billion and 7.3 billion, indicating growth rates of +0.9% and +11.2%, respectively [5] Recent Performance and Surprise History - In the last reported quarter, Amkor Technology generated revenues of 1.37billion,down7.21.37 billion, down -7.2% year-over-year, while EPS was 0.24, up from $0.18 a year ago [6] - The company exceeded the Zacks Consensus Estimate for revenues by +1% and had an EPS surprise of +140% [6] - Amkor has consistently beaten consensus EPS estimates in the last four quarters and topped revenue estimates twice during this period [6] Valuation Metrics - Amkor Technology is graded B 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) for Amkor Technology suggests a potential for outperforming the broader market in the near term [4][10]