Amkor Technology (AMKR) ended the recent trading session at $54.14, demonstrating a +1.81% change from the preceding day's closing price. The stock outpaced the S&P 500's daily loss of 0.17%. Elsewhere, the Dow lost 0.26%, while the tech-heavy Nasdaq lost 0.09%.
The chip packaging and test services provider's shares have seen an increase of 12.43% over the last month, surpassing the Computer and Technology sector's gain of 3.58% and the S&P 500's loss of 0.24%.
The upcoming earnings release of Amkor Technology will be of great interest to investors. The company is predicted to post an EPS of $0.79, indicating a 54.9% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $2.02 billion, reflecting a 1.54% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.6 per share and a revenue of $7.64 billion, signifying shifts of +73.33% and +13.95%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Amkor Technology. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Right now, Amkor Technology possesses a Zacks Rank of #3 (Hold).
From a valuation perspective, Amkor Technology is currently exchanging hands at a Forward P/E ratio of 20.43. For comparison, its industry has an average Forward P/E of 37.67, which means Amkor Technology is trading at a discount to the group.
It's also important to note that AMKR currently trades at a PEG ratio of 0.65. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Electronics - Semiconductors stocks are, on average, holding a PEG ratio of 1.25 based on yesterday's closing prices.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 59, placing it within the top 24% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Amkor Technology, Inc. (AMKR): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).