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ASML (ASML) Rises As Market Takes a Dip: Key Facts
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ASML (ASML - Free Report) closed at $934.25 in the latest trading session, marking a +1.29% move from the prior day. The stock's performance was ahead of the S&P 500's daily loss of 0.74%. Elsewhere, the Dow lost 1.53%, while the tech-heavy Nasdaq lost 0.39%.
Shares of the equipment supplier to semiconductor makers have appreciated by 3.36% over the course of the past month, underperforming the Computer and Technology sector's gain of 10.43% and the S&P 500's gain of 6.06%.
Investors will be eagerly watching for the performance of ASML in its upcoming earnings disclosure. On that day, ASML is projected to report earnings of $3.87 per share, which would represent a year-over-year decline of 27.93%. Meanwhile, our latest consensus estimate is calling for revenue of $6.35 billion, down 15.55% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $20.12 per share and a revenue of $29.43 billion, indicating changes of -6.55% and -1.25%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for ASML. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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. Over the past month, the Zacks Consensus EPS estimate has shifted 0.39% upward. ASML is currently a Zacks Rank #3 (Hold).
In the context of valuation, ASML is at present trading with a Forward P/E ratio of 45.84. This indicates a premium in contrast to its industry's Forward P/E of 32.24.
It is also worth noting that ASML currently has a PEG ratio of 2.29. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Semiconductor Equipment - Wafer Fabrication industry was having an average PEG ratio of 3.09.
The Semiconductor Equipment - Wafer Fabrication industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 223, placing it within the bottom 12% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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ASML (ASML) Rises As Market Takes a Dip: Key Facts
ASML (ASML - Free Report) closed at $934.25 in the latest trading session, marking a +1.29% move from the prior day. The stock's performance was ahead of the S&P 500's daily loss of 0.74%. Elsewhere, the Dow lost 1.53%, while the tech-heavy Nasdaq lost 0.39%.
Shares of the equipment supplier to semiconductor makers have appreciated by 3.36% over the course of the past month, underperforming the Computer and Technology sector's gain of 10.43% and the S&P 500's gain of 6.06%.
Investors will be eagerly watching for the performance of ASML in its upcoming earnings disclosure. On that day, ASML is projected to report earnings of $3.87 per share, which would represent a year-over-year decline of 27.93%. Meanwhile, our latest consensus estimate is calling for revenue of $6.35 billion, down 15.55% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $20.12 per share and a revenue of $29.43 billion, indicating changes of -6.55% and -1.25%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for ASML. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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. Over the past month, the Zacks Consensus EPS estimate has shifted 0.39% upward. ASML is currently a Zacks Rank #3 (Hold).
In the context of valuation, ASML is at present trading with a Forward P/E ratio of 45.84. This indicates a premium in contrast to its industry's Forward P/E of 32.24.
It is also worth noting that ASML currently has a PEG ratio of 2.29. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Semiconductor Equipment - Wafer Fabrication industry was having an average PEG ratio of 3.09.
The Semiconductor Equipment - Wafer Fabrication industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 223, placing it within the bottom 12% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.