Amkor Shares Outpaced Sector as Earnings Estimates Held Steady

Amkor Technology shares returned 14.4% over the past month, compared with a 0.8% gain for the Zacks S&P 500 composite and a 9.3% rise for its semiconductor industry. Zacks Equity Research said consensus earnings estimates for the company had not changed over the same 30-day period.

Analysts expect Amkor to earn $0.79 per share in the current quarter, up 54.9% from a year earlier. Estimates call for $2.60 per share in the current fiscal year and $2.72 in the next, increases of 73.3% and 4.3%, respectively, according to Zacks.

Sales estimates put current-quarter revenue at $2.02 billion, a 1.5% year-over-year increase. Forecast revenue is $7.64 billion for the current fiscal year and $8.55 billion for the next, representing growth of 14% and 11.8%.

In its latest reported quarter, Amkor posted $1.9 billion in revenue, up 25.6% year over year, and earnings of $0.70 per share, compared with $0.22 a year earlier. Revenue topped the Zacks consensus estimate of $1.8 billion by 5.25%, while earnings per share exceeded estimates by 48.94%.

The company beat consensus earnings and revenue estimates in each of the previous four quarters, Zacks said.