Amkor Technology (AMKR) Stock Slides as Market Rises: Facts to Know Before You Trade

Company Performance - Amkor Technology (AMKR) closed at $35.08, down 1.52% from the previous trading session, underperforming the S&P 500's gain of 0.23% [1] - Over the past month, Amkor's shares increased by 5.45%, outperforming the Computer and Technology sector's decline of 2.01% and the S&P 500's gain of 3.96% [1] - Analysts expect Amkor to report earnings of$ 0.23 per share, reflecting a year-over-year decline of 11.54%, with revenue projected at $1.45 billion, a decrease of 0.35% compared to the same quarter last year [1] Earnings Estimates - For the full year, Zacks Consensus Estimates project earnings of$ 1.78 per share and revenue of $6.56 billion, representing increases of 21.92% and 0.92% respectively from the prior year [2] - Recent revisions to analyst estimates indicate positive sentiment regarding Amkor's business outlook, as these revisions correlate with stock price performance [2] Zacks Rank and Valuation - Amkor Technology currently holds a Zacks Rank of 1 (Strong Buy), with an average annual return of +25% for 1 stocks since 1988 [3] - The company's Forward P/E ratio is 19.97, which is a discount compared to the industry average Forward P/E of 41.83 [3] - The Electronics - Semiconductors industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 167, placing it in the bottom 34% of over 250 industries [3]