Amkor Technology, Inc. (AMKR) Is a Trending Stock: Facts to Know Before Betting on It
Amkor Technology (AMKR), a chip packaging and test services provider, has gained 14.4% over the past month, outperforming the S&P 500. The company shows strong earnings growth with expected EPS of $0.79 for the current quarter (+54.9% YoY) and $2.6 for the fiscal year (+73.3% YoY). Revenue is projected to grow 14% and 11.8% for the current and next fiscal years respectively. The company has consistently beaten consensus estimates over the trailing four quarters. However, with a Zacks Rank #3 (Hold) rating and a B valuation grade, the stock is expected to perform in line with the broader market in the near term.