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Earnings Preview: Amkor Technology

Benzinga Insights
·2 min read

Amkor Technology (NASDAQ: AMKR) announces its next round of earnings this Monday, October 26. Here is Benzinga's everything-that-matters guide for this Monday's Q3 earnings announcement.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Sell-side analysts expect Amkor Technology's EPS to be near $0.26 on sales of $1.25 billion. In the same quarter last year, Amkor Technology reported earnings per share of $0.23 on revenue of $1.08 billion.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

View more earnings on AMKR

If the company were to report earnings in line when it publishes results Monday, quarterly profit would be up 13.04%. Sales would be up 15.31% on a year-over-year basis. Here is how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter

Q2 2020

Q1 2020

Q4 2020

Q3 2019

EPS Estimate

-0.03

0.15

0.23

0.08

EPS Actual

0.23

0.26

0.40

0.23

Revenue Estimate

1.05 B

1.10 B

1.10 B

1.03 B

Revenue Actual

1.17 B

1.15 B

1.18 B

1.08 B

Stock Performance

Over the last 52-week period, shares are up 19.13%. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Do not be surprised to see the stock move on comments made during its conference call. Amkor Technology is scheduled to hold the call at 17:00:00 ET and can be accessed here.

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