ASML (ASML - Free Report) closed at $680.71 in the latest trading session, marking a +0.6% move from the prior day. This move lagged the S&P 500's daily gain of 1.44%. Elsewhere, the Dow gained 1.26%, while the tech-heavy Nasdaq added 5.21%.
Prior to today's trading, shares of the equipment supplier to semiconductor makers had gained 8.41% over the past month. This has lagged the Computer and Technology sector's gain of 8.79% and outpaced the S&P 500's gain of 2.28% in that time.
ASML will be looking to display strength as it nears its next earnings release, which is expected to be April 19, 2023. On that day, ASML is projected to report earnings of $4.47 per share, which would represent year-over-year growth of 24.51%.
For the full year, our Zacks Consensus Estimates are projecting earnings of $20.30 per share and revenue of $28.92 billion, which would represent changes of +36.33% and +25.34%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for ASML. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. The Zacks Consensus EPS estimate has moved 4.35% higher within the past month. ASML is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, ASML currently has a Forward P/E ratio of 33.33. This valuation marks a premium compared to its industry's average Forward P/E of 18.97.
Meanwhile, ASML's PEG ratio is currently 1.1. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Semiconductor Equipment - Wafer Fabrication industry currently had an average PEG ratio of 3.11 as of yesterday's close.
The Semiconductor Equipment - Wafer Fabrication industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 103, which puts it in the top 41% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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ASML (ASML - Free Report) closed at $680.71 in the latest trading session, marking a +0.6% move from the prior day. This move lagged the S&P 500's daily gain of 1.44%. Elsewhere, the Dow gained 1.26%, while the tech-heavy Nasdaq added 5.21%.
Prior to today's trading, shares of the equipment supplier to semiconductor makers had gained 8.41% over the past month. This has lagged the Computer and Technology sector's gain of 8.79% and outpaced the S&P 500's gain of 2.28% in that time.
ASML will be looking to display strength as it nears its next earnings release, which is expected to be April 19, 2023. On that day, ASML is projected to report earnings of $4.47 per share, which would represent year-over-year growth of 24.51%.
For the full year, our Zacks Consensus Estimates are projecting earnings of $20.30 per share and revenue of $28.92 billion, which would represent changes of +36.33% and +25.34%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for ASML. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. The Zacks Consensus EPS estimate has moved 4.35% higher within the past month. ASML is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, ASML currently has a Forward P/E ratio of 33.33. This valuation marks a premium compared to its industry's average Forward P/E of 18.97.
Meanwhile, ASML's PEG ratio is currently 1.1. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Semiconductor Equipment - Wafer Fabrication industry currently had an average PEG ratio of 3.11 as of yesterday's close.
The Semiconductor Equipment - Wafer Fabrication industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 103, which puts it in the top 41% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
>>Send me my free report on the top 5 EV stocks<<
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