Himax Tech (HIMX) closed at $13.67 in the latest trading session, marking a +0.15% move from the prior day. This change outpaced the S&P 500’s 0.54% loss on the day.
Prior to today’s trading, shares of the fabless semiconductor company had lost 14.21% over the past month. This has lagged the Computer and Technology sector’s gain of 2.05% and the S&P 500’s gain of 3.05% in that time.
HIMX will be looking to display strength as it nears its next earnings release, which is expected to be August 5, 2021. In that report, analysts expect HIMX to post earnings of $0.26 per share. This would mark year-over-year growth of 2500%.
HIMX’s full-year Zacks Consensus Estimates are calling for earnings of $1.04 per share and revenue of $1.23 billion. These results would represent year-over-year changes of +246.67% and +38.36%, respectively.
It is also important to note the recent changes to analyst estimates for HIMX. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. HIMX is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, HIMX is holding a Forward P/E ratio of 13.13. This represents a discount compared to its industry’s average Forward P/E of 18.01.
The Electronics – Semiconductors industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 108, which puts it in the top 43% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Himax Technologies, Inc. (HIMX) : Free Stock Analysis Report
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