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ASML (ASML) Gains As Market Dips: What You Should Know
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ASML (ASML - Free Report) closed at $611.26 in the latest trading session, marking a +0.52% move from the prior day. This move outpaced the S&P 500's daily loss of 0.09%. Elsewhere, the Dow lost 0.56%, while the tech-heavy Nasdaq added 0.22%.
Heading into today, shares of the equipment supplier to semiconductor makers had gained 36.25% over the past month, outpacing the Computer and Technology sector's gain of 7.08% and the S&P 500's gain of 5.55% in that time.
Investors will be hoping for strength from ASML as it approaches its next earnings release. The company is expected to report EPS of $4.40, down 12.18% from the prior-year quarter.
ASML's full-year Zacks Consensus Estimates are calling for earnings of $14.13 per share and revenue of $20.65 billion. These results would represent year-over-year changes of -13.84% and -6.07%, respectively.
Any recent changes to analyst estimates for ASML should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
The 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. Within the past 30 days, our consensus EPS projection has moved 2.54% higher. ASML is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that ASML has a Forward P/E ratio of 43.04 right now. This represents a premium compared to its industry's average Forward P/E of 15.17.
Meanwhile, ASML's PEG ratio is currently 1.81. 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 1.81 as of yesterday's close.
The Semiconductor Equipment - Wafer Fabrication industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 181, putting it in the bottom 29% of all 250+ industries.
The 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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ASML (ASML) Gains As Market Dips: What You Should Know
ASML (ASML - Free Report) closed at $611.26 in the latest trading session, marking a +0.52% move from the prior day. This move outpaced the S&P 500's daily loss of 0.09%. Elsewhere, the Dow lost 0.56%, while the tech-heavy Nasdaq added 0.22%.
Heading into today, shares of the equipment supplier to semiconductor makers had gained 36.25% over the past month, outpacing the Computer and Technology sector's gain of 7.08% and the S&P 500's gain of 5.55% in that time.
Investors will be hoping for strength from ASML as it approaches its next earnings release. The company is expected to report EPS of $4.40, down 12.18% from the prior-year quarter.
ASML's full-year Zacks Consensus Estimates are calling for earnings of $14.13 per share and revenue of $20.65 billion. These results would represent year-over-year changes of -13.84% and -6.07%, respectively.
Any recent changes to analyst estimates for ASML should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
The 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. Within the past 30 days, our consensus EPS projection has moved 2.54% higher. ASML is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that ASML has a Forward P/E ratio of 43.04 right now. This represents a premium compared to its industry's average Forward P/E of 15.17.
Meanwhile, ASML's PEG ratio is currently 1.81. 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 1.81 as of yesterday's close.
The Semiconductor Equipment - Wafer Fabrication industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 181, putting it in the bottom 29% of all 250+ industries.
The 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.
You can find more information on all of these metrics, and much more, on Zacks.com.