Published on 18 Jun 2024 on Zacks · via Yahoo Finance
Amkor Technology, Inc. (AMKR) Hits Fresh High: Is There Still Room to Run?
Have you been paying attention to shares of Amkor Technology (AMKR)? Shares have been on the move with the stock up 22.2% over the past month. The stock hit a new 52-week high of $40.58 in the previous session. Amkor Technology has gained 20.5% since the start of the year compared to the 26.1% move for the Zacks Computer and Technology sector and the 34.8% return for the Zacks Electronics - Semiconductors industry.
What's Driving the Outperformance?
The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on April 29, 2024, Amkor Technology reported EPS of $0.24 versus consensus estimate of $0.1 while it beat the consensus revenue estimate by 1%.