Himax Tech (HIMX) closed the newest buying and selling day at $8.63, transferring +1.53% from the e
Himax Tech (HIMX) closed the newest buying and selling day at $8.63, transferring +1.53% from the earlier buying and selling session. The inventory outpaced the S&P 500’s day by day lack of 0.38%. In the meantime, the Dow misplaced 0.22%, and the Nasdaq, a tech-heavy index, misplaced 0.12%.
Coming into in the present day, shares of the fabless semiconductor firm had gained 20.06% previously month. In that very same time, the Pc and Know-how sector gained 4.43%, whereas the S&P 500 gained 4.12%.
HIMX can be trying to show energy because it nears its subsequent earnings launch, which is predicted to be February 4, 2021. In that report, analysts anticipate HIMX to put up earnings of $0.18 per share. This could mark year-over-year progress of 1700%. In the meantime, our newest consensus estimate is asking for income of $275.80 million, up 57.66% from the prior-year quarter.
Any latest adjustments to analyst estimates for HIMX also needs to be famous by buyers. These latest revisions are likely to replicate the evolving nature of short-term enterprise traits. As such, constructive estimate revisions replicate analyst optimism in regards to the firm’s enterprise and profitability.
Our analysis reveals that these estimate adjustments are straight correlated with near-term inventory costs. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate adjustments under consideration and delivers a transparent, actionable ranking mannequin.
The Zacks Rank system ranges from #1 (Robust Purchase) to #5 (Robust Promote). It has a outstanding, outside-audited observe document of success, with #1 shares delivering a mean annual return of +25% since 1988. Over the previous month, the Zacks Consensus EPS estimate has moved 3.45% larger. HIMX is presently a Zacks Rank #2 (Purchase).
Digging into valuation, HIMX presently has a Ahead P/E ratio of 18.89. For comparability, its business has a mean Ahead P/E of 22.88, which implies HIMX is buying and selling at a reduction to the group.
The Electronics – Semiconductors business is a part of the Pc and Know-how sector. This business presently has a Zacks Trade Rank of 106, which places it within the high 42% of all 250+ industries.
The Zacks Trade Rank gauges the energy of our business teams by measuring the typical Zacks Rank of the person shares inside the teams. Our analysis reveals that the highest 50% rated industries outperform the underside half by an element of two to 1.
You will discover extra info on all of those metrics, and far more, on Zacks.com.
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Himax Applied sciences, Inc. (HIMX): Free Inventory Evaluation Report
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