Amkor Technology (AMKR): Earnings Preview

Amkor Technology, Inc. (AMKR) is scheduled to report its fiscal second-quarter earnings Monday after the markets close. The provider of outsourced semiconductor packaging and test services is expected to report revenue of $746.68 million. Similarly, the EPS is projected at $0.11. A year ago, Amkor earned $0.21 a share. The Street’s estimates for the quarter reflect a year-over-year EPS decline of 47.61%.

As a quick reminder, Amkor reported 1Q/15 EPS of $$0.12, $0.02 better than the Street’s consensus estimate. Revs rose 9.56% yoy to $743 billion versus the $740.87 billion consensus.

On valuation measures, Amkor Technology Inc. shares are priced at 8.65x this year’s forecasted earnings, compared to the industry’s 10.32x earnings multiple. The company’s current year and next year EPS growth estimates stand at (33%) and 27.10% compared to the industry growth rates of 17.30% and 27.50%, respectively. AMKR has a t-12 price-to-sales ratio of 0.38. EPS for the same period registers at $0.58.

AMKR shares have declined 20.96% in the last 4 weeks while declining 38.07% in the past three months. Over the past 5 trading sessions the stock has lost 7.78%.

The Tempe, Arizona-based company, which is currently valued at $1.20 billion, has a median Wall Street price target of $8.00 with a high target of $9.00. Amkor Technology Inc. is down 50.64% year-over-year, compared with a 5.09% gain in the S&P 500.

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