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The stock lagged the S&P 500's daily gain of 0.16%. Meanwhile, the Dow lost 0.42%, and the Nasdaq, a tech-heavy index, added 0.17%.\nPrior to today's trading, shares of the company had lost 26.24% over the past month. This has lagged the Computer and Technology sector's loss of 8.85% and the S&P 500's loss of 6.79% in that time.\nWall Street will be looking for positivity from United Microelectronics Corporation as it approaches its next earnings report date. The company is expected to report EPS of $0.33, up 83.33% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $2.32 billion, up 26.93% from the year-ago period.\nLooking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.26 per share and revenue of $9.21 billion. These totals would mark changes of +51.81% and +20.77%, respectively, from last year.\nInvestors might also notice recent changes to analyst estimates for United Microelectronics Corporation. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.\nResearch indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.\nThe Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. United Microelectronics Corporation is holding a Zacks Rank of #3 (Hold) right now.\nDigging into valuation, United Microelectronics Corporation currently has a Forward P/E ratio of 5.2. This valuation marks a discount compared to its industry's average Forward P/E of 13.11.\nThe Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 46, which puts it in the top 19% of all 250+ industries.\nThe Zacks Industry Rank gauges the strength of our individual 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.\nYou can find more information on all of these metrics, and much more, on Zacks.com.\nUnited Microelectronics Corporation (UMC) - free report >>\nOur experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next 30-90 days.\nRecent stocks from this report have soared up to +178.7% in 3 months - this month's picks could be even better. See our report's 7 new picks today, absolutely FREE.\nThis page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Each of the company logos represented herein are trademarks of Microsoft Corporation; Dow Jones & Company; Nasdaq, Inc.; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc.\nAt the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +23.96% per year. These returns cover a period from January 1, 1988 through October 2, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.\n\nSource: Zacks Investment Research\n", "timestamp_ms": 1657058420000, "published_utc": "2022-07-05T22:00:20Z", "article_url": "https://www.zacks.com/stock/news/1948310/united-microelectronics-corporation-umc-gains-but-lags-market-what-you-should-know", "label_type": [ "[1][b] Stock Market Updates", "[2][c] Stock Recommendations" ], "label_time": [ "[1][b] Medium-Term Retrospective (3\u201312 months)", "[3][a] Short-Term Outlook (Next 3\u20136 months)" ], "label_sentiment": [ "[1][c] Upbeat Market Reaction" ] }, "trend": { "input_percentage_change": -12.610707209923323, "input_bin_label": "<-4%", "output_percentage_change": 3.8175116089807988, "output_bin_label": "+2% ~ +4%", "overall_percentage_change": -27.32362821948488, "overall_bin_label": "<-4%" }, "technical": { "in_sma_10": [ 8.93, 8.96, 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