How ChipMOS TECHNOLOGIES (IMOS) Stock Stands Out in a Strong Industry - Tale of the Tape
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Semiconductor Equipment & Materials space as it currently has a Zacks Industry Rank of 75 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, ChipMOS TECHNOLOGIES is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm's prospects in both the short and long term.
In fact, over the past month current quarter estimates have been flat. However, the current year estimates have risen from $1.56 a share to $1.58 a share. The company currently holds a Zacks Rank #3 (Hold), which is also a favourable signal.
So, if you are looking for a decent pick in a strong industry, consider ChipMOS TECHNOLOGIES. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
CHIPMOS TEC LTD (NASDAQ: IMOS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.