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Amkor Technology, Inc. (AMKR) is Attracting Investor Attention: Here is What You Should Know
AMKRAmkor Technology(AMKR) zacks.com·2024-05-17 14:06

Core Viewpoint - Amkor Technology (AMKR) has shown strong stock performance recently, returning +13.7% over the past month, outperforming the Zacks S&P 500 composite's +5% and the Zacks Electronics - Semiconductors industry's +4.6% [1] Earnings Estimate Revisions - The expected earnings for the current quarter are 0.23pershare,reflectingayearoveryeardeclineof11.50.23 per share, reflecting a year-over-year decline of -11.5%, with a recent increase in the Zacks Consensus Estimate by +36.4% [2] - For the current fiscal year, the consensus earnings estimate is 1.78, indicating a year-over-year increase of +21.9%, with a recent change of +9.6% [3] - The next fiscal year's consensus earnings estimate is 2.47,suggestingayearoveryearincreaseof+38.82.47, suggesting a year-over-year increase of +38.8%, with a recent change of +8.3% [3] - Amkor Technology holds a Zacks Rank 1 (Strong Buy) due to significant changes in earnings estimates and other related factors [3] Revenue Growth Potential - The consensus sales estimate for the current quarter is 1.45 billion, indicating a year-over-year change of -0.4% [5] - For the current fiscal year, the sales estimate is 6.56billion,reflectinga+0.96.56 billion, reflecting a +0.9% change, while the next fiscal year's estimate is 7.3 billion, indicating an +11.2% change [5] Last Reported Results and Surprise History - In the last reported quarter, Amkor Technology generated revenues of 1.37billion,ayearoveryeardeclineof7.21.37 billion, a year-over-year decline of -7.2%, with an EPS of 0.24 compared to 0.18ayearago[6]ThereportedrevenuesexceededtheZacksConsensusEstimateof0.18 a year ago [6] - The reported revenues exceeded the Zacks Consensus Estimate of 1.35 billion by +1%, and the EPS surprise was +140% [6] - The company has consistently beaten consensus EPS estimates in the last four quarters and topped revenue estimates twice during this period [6] Valuation - Valuation metrics such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) are essential for assessing whether Amkor Technology's stock is fairly valued [7] - The Zacks Value Style Score indicates that Amkor Technology is graded A, suggesting it is trading at a discount compared to its peers [9] Conclusion - The combination of strong earnings estimate revisions, revenue growth potential, and favorable valuation metrics suggests that Amkor Technology may outperform the broader market in the near term [10]