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ASML (ASML) Registers a Bigger Fall Than the Market: Important Facts to Note
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In the latest trading session, ASML (ASML - Free Report) closed at $581.69, marking a -1.55% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.13%. Meanwhile, the Dow experienced a drop of 0.03%, and the technology-dominated Nasdaq saw a decrease of 0.12%.
Shares of the equipment supplier to semiconductor makers witnessed a loss of 11.29% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 5.08% and the S&P 500's loss of 5.53%.
Investors will be eagerly watching for the performance of ASML in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on October 18, 2023. The company is forecasted to report an EPS of $5.13, showcasing a 18.75% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $7.49 billion, indicating a 28.57% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $21.69 per share and a revenue of $30.5 billion, signifying shifts of +45.67% and +32.2%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for ASML. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.27% higher. As of now, ASML holds a Zacks Rank of #3 (Hold).
Looking at its valuation, ASML is holding a Forward P/E ratio of 27.25. This indicates a premium in contrast to its industry's Forward P/E of 22.24.
We can additionally observe that ASML currently boasts a PEG ratio of 1.13. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Semiconductor Equipment - Wafer Fabrication industry held an average PEG ratio of 2.89.
The Semiconductor Equipment - Wafer Fabrication industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 16, which puts it in the top 7% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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) Registers a Bigger Fall Than the Market: Important Facts to Note
In the latest trading session, ASML (ASML - Free Report) closed at $581.69, marking a -1.55% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.13%. Meanwhile, the Dow experienced a drop of 0.03%, and the technology-dominated Nasdaq saw a decrease of 0.12%.
Shares of the equipment supplier to semiconductor makers witnessed a loss of 11.29% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 5.08% and the S&P 500's loss of 5.53%.
Investors will be eagerly watching for the performance of ASML in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on October 18, 2023. The company is forecasted to report an EPS of $5.13, showcasing a 18.75% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $7.49 billion, indicating a 28.57% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $21.69 per share and a revenue of $30.5 billion, signifying shifts of +45.67% and +32.2%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for ASML. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.27% higher. As of now, ASML holds a Zacks Rank of #3 (Hold).
Looking at its valuation, ASML is holding a Forward P/E ratio of 27.25. This indicates a premium in contrast to its industry's Forward P/E of 22.24.
We can additionally observe that ASML currently boasts a PEG ratio of 1.13. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Semiconductor Equipment - Wafer Fabrication industry held an average PEG ratio of 2.89.
The Semiconductor Equipment - Wafer Fabrication industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 16, which puts it in the top 7% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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.