Amkor Technology Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Amkor Technology, Inc. AMKR will release its fourth-quarter financial results after the closing bell on Monday, Feb. 10.

Analysts expect the Tempe, Arizona-based company to report quarterly earnings at 38 cents per share, down from 48 cents per share in the year-ago period. Amkor projects quarterly revenue of $1.66 billion, compared to $1.75 billion a year earlier, according to data from Benzinga Pro.

On Dec. 16, 2024, Amkor Technology named John Liu to Board of Directors.

Amkor shares fell 1.1% to close at $24.33 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• DA Davidson analyst Thomas Diffely maintained a Buy rating and cut the price target from $40 to $36 on Oct. 29, 2024. This analyst has an accuracy rate of 69%.
• Goldman Sachs analyst Toshiya Hari maintained a Neutral rating and cut the price target from $36 to $32 on Oct. 29, 2024. This analyst has an accuracy rate of 81%.
• Keybanc analyst Steve Barger maintained an Overweight rating and lowered the price target from $38 to $34 on Oct. 29, 2024. This analyst has an accuracy rate of 73%.
• Morgan Stanley analyst Joseph Moore maintained an Equal-Weight rating and cut the price target from $35 to $26 on Oct. 29, 2024. This analyst has an accuracy rate of 71%.
• Needham analyst Charles Shi maintained a Buy rating and lowered the price target from $45 to $34 on Oct. 29, 2024. This analyst has an accuracy rate of 63%.

Considering buying AMKR stock? Here’s what analysts think:

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