Earnings To Watch: Amkor (AMKR) Reports Q4 Results Tomorrow
Semiconductor packaging and testing company Amkor Technology (NASDAQ:AMKR) will be reporting earnings results today. Here's what investors should know.
Last quarter Amkor reported revenues of $1.82 billion, down 12.6% year on year, beating analyst revenue expectations by 1.2%. It was a weaker quarter for the company, with underwhelming revenue guidance for the next quarter and a decline in its operating margin.
Is Amkor buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting Amkor's revenue to decline 10% year on year to $1.72 billion, a deceleration on the 10.5% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.41 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates three times over the last two years.
Looking at Amkor's peers in the semiconductor manufacturing segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. KLA Corporation's revenues decreased 16.7% year on year, beating analyst estimates by 1.1% and Teradyne reported revenue decline of 8.4% year on year, missing analyst estimates by 0.9%. KLA Corporation traded down 6.6% on the results, and Teradyne was down 6.7%.
Read our full analysis of KLA Corporation's results here and Teradyne's results here.
There has been positive sentiment among investors in the semiconductor manufacturing segment, with the stocks up on average 2% over the last month. Amkor is up 3.1% during the same time, and is heading into the earnings with analyst price target of $33.6, compared to share price of $31.9.
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The author has no position in any of the stocks mentioned.
