For its first fiscal quarter (ending March 31), Amkor Technology Inc (NASDAQ: AMKR) has reported a 33% increase in E.P.S. from $0.18 a year ago to $0.24 in the current quarter. However, this performance was $-0.14 short of the consensus estimate of $0.38. For the latest four quarters through March 31, E.P.S. were $1.52 versus $2.61 for the same period a year ago — a decline of -42%.
Recent Price Action
On 4/29/24, Amkor Technology Inc (NASDAQ: AMKR) stock enjoyed a large increase of 2.8%, closing at $31.47. Moreover, unusually high trading volume at 159% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months and has risen 10.4% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, AMKR is expected to continue to be a Value Builder.
Amkor Technology has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Amkor Technology has a slightly positive Appreciation Score of 70 and a good Power Rating of 76, and the Highest Value Trend Rating results.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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