Preview: Amkor Tech's Earnings
Portfolio Pulse from Benzinga Insights
Amkor Tech (NASDAQ:AMKR) is set to announce its quarterly earnings on October 28, 2024. Analysts expect an EPS of $0.50. Despite a past EPS beat, the stock dropped 18.86% last quarter. Analysts rate Amkor as a 'Buy' with a price target of $41.5, suggesting a 41.3% upside. The company's financials show a positive revenue trend but challenges in profitability and asset utilization.
October 25, 2024 | 2:02 pm
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Amkor Tech is expected to announce its earnings with an EPS of $0.50. Despite a past EPS beat, the stock dropped significantly. Analysts rate it as a 'Buy' with a price target of $41.5, indicating a potential upside. The company's financials show a positive revenue trend but challenges in profitability.
The upcoming earnings announcement is crucial for Amkor Tech, with analysts expecting an EPS of $0.50. Despite a previous EPS beat, the stock experienced a significant drop, indicating volatility. The 'Buy' rating and price target suggest potential upside, but financial challenges in profitability and asset utilization remain.
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