Amkor Technology, Inc. (NASDAQ:AMKR) is a semiconductor packaging and test services provider that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on AMKR’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Amkor Technology could be a solid choice for investors.
Current Quarter Estimates for AMKR
In the past 30 days, 1 estimate has gone higher for Amkor Technology while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 7 cents a share 30 days ago, to 20 cents today, a move of over 100%.
Current Year Estimates for AMKR
Meanwhile, Amkor Technology’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 14 cents per share 30 days ago to 44 cents per share today, an increase of over 200%.
Bottom Line
The stock has also started to move higher lately, adding 34.3% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future.
AMKOR TECH INC (AMKR): Free Stock Analysis Report
Original post