We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
What's in the Offing for ASML Holding's (ASML) Q3 Earnings?
Read MoreHide Full Article
ASML Holding N.V. (ASML - Free Report) is slated to report third-quarter 2023 results on Oct 18.
For the third quarter, the company expects revenues between €6.5 billion and €7 billion. The Zacks Consensus Estimate for the same is pegged at $7.49 billion, indicating growth of 28.6% from the year-ago quarter.
The Zacks Consensus Estimate for third-quarter earnings is pegged at $5.00 per share, which indicates growth of 15.7% from the year-ago quarter’s reported number.
The figure has been revised 0.2% downward over the past seven days.
The impacts of ASML Holding’s portfolio strength, growing investments, expanding position in the memory market and increasing design wins are expected to be reflected in the fourth quarter’s result.
The growing opportunities in semiconductor end markets, megatrends in the electronics industry and increasing lithography intensity might have further bolstered demand for ASML’s products and services.
Prospects around next-generation technology development, capacity additions at leading-edge nodes, increasing competitive dynamics and investments in Extreme Ultraviolet (“EUV”) infrastructure are anticipated to have benefited the company’s performance across foundry and logic in the quarter under review.
ASML’s Memory revenues are expected to have increased in the quarter to be reported, driven by healthy demand in data centers and improving demand for consumer electronics.
Strong demand for advanced nodes in support of the build-up of digital infrastructure, which includes growth drivers such as 5G, AI and high-performance computing solutions, is expected to have boosted the demand for the company’s products.
The application business of ASML Holding is expected to have continued to gain from the rising need for scanners in EUV and Deep Ultraviolet (“DUV”) systems in the quarter under review.
However, the company’s EUV business might have witnessed a shift in demand timing since fabs are not ready due to a lack of skills.
This apart, uncertainties related to the macro environment including geopolitical tensions, rising inflationary pressure, high interest rates and fears of a recession in Europe and the United States — are expected to have been headwinds for the company in the to-be-reported quarter.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for ASML Holding this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
ASML Holding has an Earnings ESP of -0.95%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
ASML carries a Zacks Rank #5 (Strong Sell) at present.
Stocks to Consider
Here are some stocks that, per our model, have the right combination of elements to post an earnings beat in their soon-to-be-reported quarterly results.
Itron is scheduled to release third-quarter 2023 results on Nov 2. The Zacks Consensus Estimate for ITRI’s earnings is pegged at 51 cents per share, suggesting a jump of 121.7% from the prior-year quarter.
Alphabet (GOOGL - Free Report) has an Earnings ESP of +3.06% and a Zacks Rank #3 at present.
Alphabet is scheduled to release third-quarter 2023 results on Oct 24. The Zacks Consensus Estimate for GOOGL’s earnings is pegged at $1.45 per share, reflecting a growth of 36.8% from the year-ago quarter.
Carrier Global (CARR - Free Report) has an Earnings ESP of +5.31% and a Zacks Rank #3 at present.
Carrier is set to report third-quarter 2023 results on Oct 26. The Zacks Consensus Estimate for CARR’s earnings is pegged at 78 cents per share, suggesting growth of 11.4% from the prior-year fiscal period’s reported figure.
Image: Bigstock
What's in the Offing for ASML Holding's (ASML) Q3 Earnings?
ASML Holding N.V. (ASML - Free Report) is slated to report third-quarter 2023 results on Oct 18.
For the third quarter, the company expects revenues between €6.5 billion and €7 billion. The Zacks Consensus Estimate for the same is pegged at $7.49 billion, indicating growth of 28.6% from the year-ago quarter.
The Zacks Consensus Estimate for third-quarter earnings is pegged at $5.00 per share, which indicates growth of 15.7% from the year-ago quarter’s reported number.
The figure has been revised 0.2% downward over the past seven days.
ASML Holding N.V. Price and EPS Surprise
ASML Holding N.V. price-eps-surprise | ASML Holding N.V. Quote
Factors to Consider
The impacts of ASML Holding’s portfolio strength, growing investments, expanding position in the memory market and increasing design wins are expected to be reflected in the fourth quarter’s result.
The growing opportunities in semiconductor end markets, megatrends in the electronics industry and increasing lithography intensity might have further bolstered demand for ASML’s products and services.
Prospects around next-generation technology development, capacity additions at leading-edge nodes, increasing competitive dynamics and investments in Extreme Ultraviolet (“EUV”) infrastructure are anticipated to have benefited the company’s performance across foundry and logic in the quarter under review.
ASML’s Memory revenues are expected to have increased in the quarter to be reported, driven by healthy demand in data centers and improving demand for consumer electronics.
Strong demand for advanced nodes in support of the build-up of digital infrastructure, which includes growth drivers such as 5G, AI and high-performance computing solutions, is expected to have boosted the demand for the company’s products.
The application business of ASML Holding is expected to have continued to gain from the rising need for scanners in EUV and Deep Ultraviolet (“DUV”) systems in the quarter under review.
However, the company’s EUV business might have witnessed a shift in demand timing since fabs are not ready due to a lack of skills.
This apart, uncertainties related to the macro environment including geopolitical tensions, rising inflationary pressure, high interest rates and fears of a recession in Europe and the United States — are expected to have been headwinds for the company in the to-be-reported quarter.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for ASML Holding this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
ASML Holding has an Earnings ESP of -0.95%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
ASML carries a Zacks Rank #5 (Strong Sell) at present.
Stocks to Consider
Here are some stocks that, per our model, have the right combination of elements to post an earnings beat in their soon-to-be-reported quarterly results.
Itron (ITRI - Free Report) has an Earnings ESP of +14.39% and a Zacks Rank #1 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Itron is scheduled to release third-quarter 2023 results on Nov 2. The Zacks Consensus Estimate for ITRI’s earnings is pegged at 51 cents per share, suggesting a jump of 121.7% from the prior-year quarter.
Alphabet (GOOGL - Free Report) has an Earnings ESP of +3.06% and a Zacks Rank #3 at present.
Alphabet is scheduled to release third-quarter 2023 results on Oct 24. The Zacks Consensus Estimate for GOOGL’s earnings is pegged at $1.45 per share, reflecting a growth of 36.8% from the year-ago quarter.
Carrier Global (CARR - Free Report) has an Earnings ESP of +5.31% and a Zacks Rank #3 at present.
Carrier is set to report third-quarter 2023 results on Oct 26. The Zacks Consensus Estimate for CARR’s earnings is pegged at 78 cents per share, suggesting growth of 11.4% from the prior-year fiscal period’s reported figure.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.