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ASML (ASML) Surpasses Market Returns: Some Facts Worth Knowing
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In the latest close session, ASML (ASML - Free Report) was up +2.7% at $1,592.00. The stock outpaced the S&P 500's daily gain of 0.17%. At the same time, the Dow added 0.55%, and the tech-heavy Nasdaq gained 0.09%.
Heading into today, shares of the equipment supplier to semiconductor makers had gained 7.38% over the past month, lagging the Computer and Technology sector's gain of 10.31% and outpacing the S&P 500's gain of 4.59%.
The investment community will be closely monitoring the performance of ASML in its forthcoming earnings report. The company is forecasted to report an EPS of $8.1, showcasing a 78.02% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $10.37 billion, showing a 18.84% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $37.1 per share and revenue of $45.72 billion. These totals would mark changes of +32.74% and +23.66%, respectively, from last year.
Investors should also note any recent changes to 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 business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 1.61% rise in the Zacks Consensus EPS estimate. Currently, ASML is carrying a Zacks Rank of #2 (Buy).
From a valuation perspective, ASML is currently exchanging hands at a Forward P/E ratio of 41.78. This signifies a premium in comparison to the average Forward P/E of 38.46 for its industry.
We can also see that ASML currently has a PEG ratio of 1.27. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. ASML's industry had an average PEG ratio of 1.22 as of yesterday's close.
The Semiconductor Equipment - Wafer Fabrication industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 5, positioning it in the top 3% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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ASML (ASML) Surpasses Market Returns: Some Facts Worth Knowing
In the latest close session, ASML (ASML - Free Report) was up +2.7% at $1,592.00. The stock outpaced the S&P 500's daily gain of 0.17%. At the same time, the Dow added 0.55%, and the tech-heavy Nasdaq gained 0.09%.
Heading into today, shares of the equipment supplier to semiconductor makers had gained 7.38% over the past month, lagging the Computer and Technology sector's gain of 10.31% and outpacing the S&P 500's gain of 4.59%.
The investment community will be closely monitoring the performance of ASML in its forthcoming earnings report. The company is forecasted to report an EPS of $8.1, showcasing a 78.02% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $10.37 billion, showing a 18.84% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $37.1 per share and revenue of $45.72 billion. These totals would mark changes of +32.74% and +23.66%, respectively, from last year.
Investors should also note any recent changes to 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 business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 1.61% rise in the Zacks Consensus EPS estimate. Currently, ASML is carrying a Zacks Rank of #2 (Buy).
From a valuation perspective, ASML is currently exchanging hands at a Forward P/E ratio of 41.78. This signifies a premium in comparison to the average Forward P/E of 38.46 for its industry.
We can also see that ASML currently has a PEG ratio of 1.27. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. ASML's industry had an average PEG ratio of 1.22 as of yesterday's close.
The Semiconductor Equipment - Wafer Fabrication industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 5, positioning it in the top 3% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.