We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
ASML (ASML) Outperforms Broader Market: What You Need to Know
Read MoreHide Full Article
In the latest trading session, ASML (ASML - Free Report) closed at $1,036.31, marking a +2.06% move from the previous day. This move outpaced the S&P 500's daily gain of 0.79%. Elsewhere, the Dow gained 0.14%, while the tech-heavy Nasdaq added 1.38%.
Coming into today, shares of the equipment supplier to semiconductor makers had lost 2.3% in the past month. In that same time, the Computer and Technology sector lost 0.85%, while the S&P 500 gained 0.87%.
The investment community will be closely monitoring the performance of ASML in its forthcoming earnings report. The company is predicted to post an EPS of $8.84, indicating a 21.1% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $11.06 billion, indicating a 11.9% growth compared to the corresponding quarter of the prior year.
ASML's full-year Zacks Consensus Estimates are calling for earnings of $29.01 per share and revenue of $37.64 billion. These results would represent year-over-year changes of +39.34% and +23.21%, respectively.
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. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.02% higher. Currently, ASML is carrying a Zacks Rank of #3 (Hold).
Digging into valuation, ASML currently has a Forward P/E ratio of 35. This indicates a premium in contrast to its industry's Forward P/E of 33.91.
It is also worth noting that ASML currently has a PEG ratio of 1.58. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Semiconductor Equipment - Wafer Fabrication industry held an average PEG ratio of 1.28.
The Semiconductor Equipment - Wafer Fabrication industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 6, finds itself in the top 3% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
ASML (ASML) Outperforms Broader Market: What You Need to Know
In the latest trading session, ASML (ASML - Free Report) closed at $1,036.31, marking a +2.06% move from the previous day. This move outpaced the S&P 500's daily gain of 0.79%. Elsewhere, the Dow gained 0.14%, while the tech-heavy Nasdaq added 1.38%.
Coming into today, shares of the equipment supplier to semiconductor makers had lost 2.3% in the past month. In that same time, the Computer and Technology sector lost 0.85%, while the S&P 500 gained 0.87%.
The investment community will be closely monitoring the performance of ASML in its forthcoming earnings report. The company is predicted to post an EPS of $8.84, indicating a 21.1% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $11.06 billion, indicating a 11.9% growth compared to the corresponding quarter of the prior year.
ASML's full-year Zacks Consensus Estimates are calling for earnings of $29.01 per share and revenue of $37.64 billion. These results would represent year-over-year changes of +39.34% and +23.21%, respectively.
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. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.02% higher. Currently, ASML is carrying a Zacks Rank of #3 (Hold).
Digging into valuation, ASML currently has a Forward P/E ratio of 35. This indicates a premium in contrast to its industry's Forward P/E of 33.91.
It is also worth noting that ASML currently has a PEG ratio of 1.58. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Semiconductor Equipment - Wafer Fabrication industry held an average PEG ratio of 1.28.
The Semiconductor Equipment - Wafer Fabrication industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 6, finds itself in the top 3% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the 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.