Wall Street analysts forecast that Amkor Technology (AMKR) will report quarterly earnings of $0.79 per share in its upcoming release, pointing to a year-over-year increase of 54.9%. It is anticipated that revenues will amount to $2.02 billion, exhibiting an increase of 1.5% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some Amkor Technology metrics that Wall Street analysts commonly model and monitor.
Analysts' assessment points toward 'End Market Distribution Data- Communications (smartphones, tablets)' reaching 36.0%. Compared to the present estimate, the company reported 51.0% in the same quarter last year.
The average prediction of analysts places 'End Market Distribution Data- Consumer (AR & gaming, connected home, home electronics, wearables)' at 15.1%. The estimate compares to the year-ago value of 14.0%.
Analysts expect 'End Market Distribution Data- Automotive, industrial and other (ADAS, electrification, infotainment, safety)' to come in at 24.4%. The estimate is in contrast to the year-ago figure of 16.0%.
It is projected by analysts that the 'End Market Distribution Data- Computing (data center, infrastructure, PC/laptop, storage)' will reach 24.4%. Compared to the present estimate, the company reported 19.0% in the same quarter last year.
View all Key Company Metrics for Amkor Technology here>>>Shares of Amkor Technology have demonstrated returns of -23.6% over the past month compared to the Zacks S&P 500 composite's +1% change. With a Zacks Rank #3 (Hold), AMKR is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Zacks' Research Chief Names "Stock Most Likely to Double"
Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.
Of course, all our elite picks aren't winners, but this one could far surpass earlier Zacks' Stocks Set to Double like D-Wave Quantum, which shot up +680.1%.
Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Amkor Technology, Inc. (AMKR): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).