ASX Earnings Prediction
The chart below shows how ASX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ASX sees a +4.05% change in stock price 10 days leading up to the earnings, and a -4.77% change 10 days following the report. On the earnings day itself, the stock moves by -0.16%. This data can give you a slight idea of what to expect for the next quarter's release.
ASX Key Earning Data
2024/Q4
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ASX Earnings Analysis
ASE Technology Holding Co Ltd Corporation (ASX.N) Earnings Conference Call
Positive
Revenue Growth Trend: Consolidated revenues grew 2% year-on-year in 2024, indicating a positive trend in overall financial performance.
ATM Revenue Growth: ATM revenues increased by 3% year-on-year, showcasing growth in the company's core business segment.
Advanced Packaging Revenue Surge: Leading-edge advanced packaging and testing revenues exceeded USD 600 million, a significant increase from USD 250 million in 2023, highlighting strong demand in this area.
Testing Business Growth: The testing business experienced a 9% year-on-year growth in 2024, with a notable 18% growth in Q4, suggesting robust performance and future potential.
Machinery CapEx Increase: Machinery CapEx reached USD 1.9 billion, up by USD 1 billion compared to 2023, reflecting the company's commitment to advanced packaging and testing capabilities.
Advanced Packaging Revenue Growth: The company expects leading-edge advanced packaging and testing revenues to increase by USD 1 billion in 2025, indicating strong growth prospects.
Strategic Investment for Growth: Investment in R&D, human capital, and advanced packaging capacity is set to accelerate, positioning the company well for the anticipated AI-led super cycle starting in 2024.
Negative
Earnings Miss Reported: ASE Technology Holding Co., Ltd. missed earnings expectations with a reported EPS of $0.1261, falling short of the expected $0.16.
Mixed Performance Analysis: The company experienced a mixed performance in the mainstream segment, indicating potential weaknesses in certain areas of demand.
Modest Revenue Growth: Despite a 2% year-on-year revenue growth, the overall growth was modest and may not meet investor expectations for a more robust recovery.
Market Condition Challenges: The company noted that some segments were affected by inventory corrections and lagging end market demand, suggesting challenges in market conditions.
Uneven Segment Growth: While the testing business grew 9% year-on-year, the overall performance in other segments was not as strong, indicating uneven growth across the company.
Machinery CapEx Concerns: The significant increase in machinery CapEx to $1.9 billion, up by $1 billion from 2023, raises concerns about the sustainability of such high investment levels amid mixed market conditions.
ASX FAQs
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ASX Earning Call Sentiment
ASE Technology Holding Co., Ltd. (NYSE:ASX) Q4 2024 Earnings Call Transcript
ASX.N
-7.47%Positive
The earnings call reveals several negative elements: missed earnings expectations, mixed market demand, and supply chain challenges. The Q&A section shows management's reluctance to provide detailed answers, raising concerns about transparency. Despite some growth in advanced packaging and testing revenues, the overall financial performance is lackluster with a weak EPS. No share buyback program was announced, and significant CapEx raises ROI concerns. These factors, combined with competitive pressures and economic uncertainties, suggest a negative sentiment, likely leading to a stock price decrease of -2% to -8% over the next two weeks.
