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Oct 25, 2024 10:10 AM

Preview: Amkor Tech's Earnings

Amkor Tech (NASDAQ:AMKR) is gearing up to announce its quarterly earnings on Monday, 2024-10-28. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Amkor Tech will report an earnings per share (EPS) of $0.50.

The announcement from Amkor Tech is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Past Earnings Performance

During the last quarter, the company reported an EPS beat by $0.04, leading to a 18.86% drop in the share price on the subsequent day.

Here's a look at Amkor Tech's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.23

0.11

0.41

0.53

EPS Actual

0.27

0.24

0.48

0.54

Price Change %

-19.0%

3.0%

-5.0%

2.0%

Stock Performance

Shares of Amkor Tech were trading at $29.37 as of October 24. Over the last 52-week period, shares are up 46.48%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Analyst Views on Amkor Tech

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Amkor Tech.

Amkor Tech has received a total of 2 ratings from analysts, with the consensus rating as Buy. With an average one-year price target of $41.5, the consensus suggests a ...

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