Bear Of The Day: Amkor Technology (AMKR)
Amkor Technology (AMKR) is a Zacks Rank #5 (Strong Sell) after the company missed the Zacks Consensus Estimate when the last reported on October 28. The stock was hit hard after the miss thanks to some soft guidance.
New Strong Sell Stocks for October 31st
AOS, ASLE and AMKR have been added to the Zacks Rank #5 (Strong Sell) List on October 31, 2024.
Amkor Q3 Earnings Miss: Will Dim Q4 Guidance Pull Down the Stock?
AMKR's Q3 results reflect the negative impact of the ongoing inventory corrections and weak demand in the Automotive and Industrial end markets.
Amkor Technology's Q3 Earnings Pack Sales Growth But Margins Compress
Amkor Technology's Q3 revenue beat expectations, but EPS missed by a penny, leading to a 12% stock drop due to rising costs and shrinking margins. Despite strong growth in advanced packaging tech and sectors like 5G and AR, profit margins and net income have faced pressure, impacting overall profitability. Amkor's valuation appears stretched with a blended P/E of 19.48x versus a fair value closer to 15.00x, suggesting the stock is trading at a premium.
Amkor Technology: Advanced Packaging And TSMC Partnership, Initiate With Buy
Amkor Technology's advanced packaging leadership and partnership with TSMC are key growth drivers, targeting a $37 per share price within a year. AMKR's expansion in Korea, Vietnam, and a new facility in Arizona, supported by government funding, strengthens its market position. Despite a weak Q3 result, long-term growth is expected, driven by rising semiconductor demand in AI, automotive, and high-performance computing markets.
Amkor Technology, Inc. (AMKR) Q3 2024 Earnings Call Transcript
Amkor Technology, Inc. (NASDAQ:AMKR ) Q3 2024 Earnings Conference Call October 28, 2024 5:00 PM ET Company Participants Jennifer Jue - Vice President, Investor Relations Giel Rutten - President and Chief Executive Officer Megan Faust - Executive Vice President and Chief Financial Officer Conference Call Participants Steven Fox - Fox Advisors Steve Barger - KeyBanc Capital Markets Peter Peng - JPMorgan Craig Ellis - B. Riley Securities Randy Abrams - UBS Thomas Diffely - D.A.
Amkor Technology (AMKR) Lags Q3 Earnings Estimates
Amkor Technology (AMKR) came out with quarterly earnings of $0.49 per share, missing the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.54 per share a year ago.
Brokers Suggest Investing in Amkor Technology (AMKR): Read This Before Placing a Bet
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Amkor Set to Report Q3 Earnings: What's in Store for the Stock?
AMKR's Q3 results are likely to reflect benefits from SiP technology and 2.5D technology, despite ongoing inventory corrections.
Here is What to Know Beyond Why Amkor Technology, Inc. (AMKR) is a Trending Stock
Amkor Technology (AMKR) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Amkor Technology (AMKR) Suffers a Larger Drop Than the General Market: Key Insights
In the most recent trading session, Amkor Technology (AMKR) closed at $29.97, indicating a -1.09% shift from the previous trading day.
Amkor Technology (AMKR) Expected to Beat Earnings Estimates: Should You Buy?
Amkor Technology (AMKR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
