Group 1: Brokerage Recommendations - Amkor Technology has an average brokerage recommendation (ABR) of 1.78, indicating a consensus between Strong Buy and Buy, with 55.6% Strong Buy and 11.1% Buy recommendations from nine brokerage firms [1] - Despite the positive ABR, studies suggest that brokerage recommendations often lack success in guiding investors towards stocks with significant price appreciation potential [2][5] - Analysts from brokerage firms tend to exhibit a strong positive bias in their ratings due to vested interests, leading to a higher number of favorable ratings compared to negative ones [2][5] Group 2: Zacks Rank vs. ABR - The Zacks Rank is a proprietary stock rating tool that classifies stocks into five groups based on earnings estimate revisions, providing a more reliable indicator of near-term price performance compared to ABR [3][4] - Unlike ABR, which is based solely on brokerage recommendations, Zacks Rank incorporates quantitative models and is updated more frequently to reflect changes in earnings estimates [4][6] - The Zacks Consensus Estimate for Amkor Technology remains unchanged at $1.55, resulting in a Zacks Rank 3 (Hold), suggesting caution despite the Buy-equivalent ABR [7]

Core Viewpoint - Amkor Technology (AMKR) is expected to report third-quarter 2024 results with anticipated revenues between $1.785 billion and $1.885 billion, indicating a sequential growth of 22-29% and a slight year-over-year increase of 0.6% [1] Financial Performance - The Zacks Consensus Estimate for AMKR's revenues is pegged at $1.83 billion, reflecting a rise from the previous year's $1.82 billion [1] - Expected earnings per share for the third quarter are in the range of 42-56 cents, with the consensus estimate at 50 cents, indicating a decline of 7.4% from the year-ago quarter [1] - AMKR has consistently beaten the Zacks Consensus Estimate in the past four quarters, with an average surprise of 45.4% [1] Market Drivers - The third-quarter performance is likely driven by production ramps for new products, including advanced system-in-package (SiP) technology and 2.5D technology, alongside growing demand for Internet of Things wearables [2] - Strength in AI and robust demand in high-performance computing and ARM-based personal computers are expected to boost revenues from the Computing end market [2] - Advanced packaging for premium tier smartphones is anticipated to benefit the Communications end market [2] - Long-term partnerships and an expanding geographic footprint are expected to contribute positively to the top line [2] Challenges - Weak performance in the Automotive and Industrial markets is likely to offset revenue growth from other markets, with ongoing inventory corrections impacting these sectors [3] - In the second quarter, AMKR reported a 2% sequential decline in revenues from the Automotive and Industrial end markets [3] Earnings Expectations - AMKR currently has an Earnings ESP of 0.00% and a Zacks Rank of 3 (Hold), indicating lower odds of an earnings beat [4]

Core Viewpoint - Amkor Technology (AMKR) is anticipated to report a year-over-year decline in earnings despite an increase in revenues, with the earnings report expected on October 28, 2024 [1] Revenue and Earnings Estimates - The consensus estimate for quarterly earnings is $0.50 per share, reflecting a year-over-year decrease of 7.4% [2] - Expected revenues are projected at $1.83 billion, which is a 0.6% increase from the same quarter last year [2] Estimate Revisions - The consensus EPS estimate has been revised 2.88% higher in the last 30 days, indicating a positive reassessment by analysts [3] - A positive Earnings ESP of +0.81% suggests that analysts are optimistic about the company's earnings prospects [7] Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [5] - Amkor Technology currently holds a Zacks Rank of 3, which, along with the positive Earnings ESP, suggests a likelihood of beating the consensus EPS estimate [7] Historical Performance - In the last reported quarter, Amkor Technology exceeded the expected earnings of $0.22 per share by delivering $0.27, resulting in a surprise of +22.73% [8] - The company has consistently beaten consensus EPS estimates over the last four quarters [8] Conclusion - Amkor Technology is positioned as a compelling candidate for an earnings beat, although investors should consider other influencing factors before making investment decisions [9]

Company Performance - Amkor Technology (AMKR) closed at $30.48, reflecting a +1.67% change from the previous day, outperforming the S&P 500's daily gain of 0.47% [1] - Over the past month, shares of Amkor Technology have decreased by 2.31%, underperforming the Computer and Technology sector's gain of 3.88% and the S&P 500's gain of 3.48% [1] - The upcoming earnings report is scheduled for October 28, 2024, with expected EPS of $0.50, a decrease of 7.41% year-over-year, and revenue forecasted at $1.83 billion, an increase of 0.62% compared to the prior year [1] Annual Forecast - The Zacks Consensus Estimates predict earnings of $1.55 per share and revenue of $6.51 billion for the entire year, representing changes of +6.16% and +0.15% respectively compared to the previous year [2] - Recent adjustments to analyst estimates indicate the dynamic nature of near-term business trends, with positive revisions reflecting analysts' confidence in the company's performance [2] Valuation and Ranking - Amkor Technology currently holds a Zacks Rank of 3 (Hold), with a Forward P/E ratio of 19.39, which is a discount compared to the industry average Forward P/E of 34.75 [3] - The Electronics - Semiconductors industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 82, placing it in the top 33% of over 250 industries [3] Industry Insights - The Zacks Industry Rank evaluates the strength of industry groups based on the average Zacks Rank of individual stocks, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [4]

Company Performance - Amkor Technology (AMKR) closed at $30.08, reflecting a -1.38% change compared to the previous day, underperforming the S&P 500's loss of 0.96% [1] - The stock has increased by 6.98% over the past month, which is below the Computer and Technology sector's gain of 7.35% but above the S&P 500's gain of 4.3% [1] - The upcoming earnings report is anticipated to show an EPS of $0.50, a decrease of 7.41% year-over-year, with revenue expected to be $1.83 billion, an increase of 0.62% from the prior-year quarter [1] Earnings Estimates - Full-year Zacks Consensus Estimates project earnings of $1.55 per share and revenue of $6.51 billion, indicating year-over-year changes of +6.16% and +0.15%, respectively [2] - Recent analyst estimate revisions suggest optimism regarding Amkor Technology's business and profitability, with empirical research indicating a correlation between estimate revisions and stock price performance [2] Valuation and Industry Position - Amkor Technology has a Zacks Rank of 3 (Hold), with a Forward P/E ratio of 19.73, which is lower than the industry average Forward P/E of 33.36, indicating a discount relative to its peers [3] - The Electronics - Semiconductors industry, to which Amkor belongs, holds a Zacks Industry Rank of 89, placing it in the top 36% of over 250 industries [3]

Core Viewpoint - Amkor Technology (AMKR) is well-positioned to continue its earnings-beat streak, having a strong track record of surpassing earnings estimates, particularly in the last two quarters with an average surprise of 81.36% [1] Earnings Performance - For the most recent quarter, Amkor reported earnings of $0.27 per share, exceeding the expected $0.22 per share by 22.73%. In the previous quarter, it reported $0.24 per share against an estimate of $0.10, resulting in a surprise of 140% [1] - The favorable history of earnings surprises has led to positive changes in earnings estimates for Amkor Technology [2] Earnings ESP and Zacks Rank - Amkor Technology has a positive Earnings ESP of +0.81%, indicating that analysts have recently become more optimistic about the company's earnings prospects [3] - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat, with research indicating that such combinations result in positive surprises nearly 70% of the time [2][3] Importance of Earnings ESP - The Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [3] - It is crucial for investors to check a company's Earnings ESP before quarterly releases to enhance the chances of successful investment decisions [4]

Core Viewpoint - Amkor Technology (AMKR) has experienced a significant decline in share price, losing 17.7% over the past three months, underperforming both the Zacks Electronics - Semiconductors industry and the S&P 500 index [1] Group 1: Financial Performance - AMKR reported challenges in supply chain disruptions due to geopolitical tensions and macroeconomic issues such as high inflation and interest rates, which have constrained both top and bottom lines [1] - The company anticipates third-quarter fiscal 2024 revenues to be between $1.785 billion and $1.885 billion, with a consensus estimate of $1.84 billion, while the fiscal 2024 revenue estimate stands at $6.51 billion, reflecting a year-over-year improvement of 0.15% [6] Group 2: Market Challenges - Amkor is facing lower demand for its 2.5D integrated circuits due to inventory corrections in the automotive and industrial markets, alongside rising operating expenses from the construction of a new factory in Vietnam [2] - The company is experiencing a slow recovery in the automotive and industrial sectors, as well as a decline in demand from traditional data center clients, leading to underutilization of its factories [1] Group 3: Competitive Landscape - Amkor is a key player in the OSAT market, partnering with major tech companies like Apple, Qualcomm, and Intel, but faces stiff competition from Taiwan Semiconductor Manufacturing Company (TSM) and ASE Technology Holding (ASX) [4][5] - TSM focuses on chip manufacturing with a strong advanced packaging division, while ASX specializes in IC packaging, testing, and assembly services [5]

Group 1 - Amkor Technology (AMKR) closed at $30.36, down 0.99% from the previous trading day, underperforming the S&P 500's gain of 0.13% [1] - The stock has decreased by 5.84% over the past month, while the Computer and Technology sector gained 1.56% and the S&P 500 increased by 3.67% [1] - The upcoming earnings report is expected to show an EPS of $0.50, a 7.41% decline year-over-year, with projected revenue of $1.84 billion, up 0.78% from the previous year [1] Group 2 - Full-year Zacks Consensus Estimates predict earnings of $1.54 per share and revenue of $6.51 billion, reflecting year-over-year increases of 5.48% and 0.15% respectively [2] - Recent changes in analyst estimates indicate a shifting business landscape, with upward revisions suggesting analysts' positive outlook on the company's operations [2] Group 3 - Amkor Technology currently holds a Zacks Rank of 5 (Strong Sell), with the Zacks Consensus EPS estimate remaining unchanged over the last 30 days [3] - The company is trading at a Forward P/E ratio of 19.97, which is lower than the industry's Forward P/E of 28.24, indicating a valuation discount [3] - The Electronics - Semiconductors industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 134, placing it in the bottom 48% of over 250 industries [3]

Core Viewpoint - Three stocks have been added to the Zacks Rank 5 (Strong Sell) List, indicating a significant downward revision in earnings estimates for these companies [1] Company Summaries - **Carter Bankshares (CARE)**: A bank holding company offering various financial services. The Zacks Consensus Estimate for its current year earnings has been revised downward by 68.8% over the last 60 days [1] - **Amkor Technology (AMKR)**: The largest independent provider of semiconductor packaging and test services globally. The Zacks Consensus Estimate for its current year earnings has been revised downward by 12.5% over the last 60 days [1] - **Caleres (CAL)**: A footwear retailer and wholesaler. The Zacks Consensus Estimate for its current year earnings has been revised downward by almost 8.2% over the last 60 days [1]

Company Performance - Amkor Technology (AMKR) closed at $28.84, reflecting a +0.56% change from the previous day, outperforming the S&P 500's gain of 0.45% [1] - The stock has decreased by 8.78% over the past month, underperforming the Computer and Technology sector's loss of 0.98% and the S&P 500's gain of 2.54% [1] - The upcoming earnings report is expected to show an EPS of $0.50, a decline of 7.41% year-over-year, with revenue projected at $1.84 billion, an increase of 0.78% from the prior-year quarter [1] Annual Forecast - Zacks Consensus Estimates predict earnings of $1.54 per share and revenue of $6.51 billion for the year, representing changes of +5.48% and +0.15% respectively compared to the previous year [2] - Recent revisions to analyst forecasts for Amkor Technology are crucial as they reflect the changing nature of near-term business trends, with positive revisions indicating a favorable business outlook [2] Valuation and Ranking - Amkor Technology has a Zacks Rank of 4 (Sell), with the consensus EPS projection remaining unchanged over the past 30 days [3] - The company is currently trading at a Forward P/E ratio of 18.68, which is a discount compared to the industry average Forward P/E of 28.7 [3] - The Electronics - Semiconductors industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 96, placing it in the top 38% of over 250 industries [3]