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ASML (ASML) Gains As Market Dips: What You Should Know
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ASML (ASML - Free Report) closed the most recent trading day at $457.80, moving +1.08% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.13%. Meanwhile, the Dow lost 0.23%, and the Nasdaq, a tech-heavy index, added 0.54%.
Prior to today's trading, shares of the equipment supplier to semiconductor makers had gained 8.33% over the past month. This has outpaced the Computer and Technology sector's gain of 4.87% and the S&P 500's gain of 3.5% in that time.
Wall Street will be looking for positivity from ASML as it approaches its next earnings report date. In that report, analysts expect ASML to post earnings of $2.91 per share. This would mark a year-over-year decline of 2.35%. Meanwhile, our latest consensus estimate is calling for revenue of $4.38 billion, down 2.04% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $9.10 per share and revenue of $15.73 billion, which would represent changes of +32.08% and +18.55%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for ASML. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. Within the past 30 days, our consensus EPS projection remained stagnant. ASML is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that ASML has a Forward P/E ratio of 49.77 right now. This valuation marks a premium compared to its industry's average Forward P/E of 20.62.
We can also see that ASML currently has a PEG ratio of 2.27. 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. The Semiconductor Equipment - Wafer Fabrication industry currently had an average PEG ratio of 1.8 as of yesterday's close.
The Semiconductor Equipment - Wafer Fabrication industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 37, putting it in the top 15% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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) Gains As Market Dips: What You Should Know
ASML (ASML - Free Report) closed the most recent trading day at $457.80, moving +1.08% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.13%. Meanwhile, the Dow lost 0.23%, and the Nasdaq, a tech-heavy index, added 0.54%.
Prior to today's trading, shares of the equipment supplier to semiconductor makers had gained 8.33% over the past month. This has outpaced the Computer and Technology sector's gain of 4.87% and the S&P 500's gain of 3.5% in that time.
Wall Street will be looking for positivity from ASML as it approaches its next earnings report date. In that report, analysts expect ASML to post earnings of $2.91 per share. This would mark a year-over-year decline of 2.35%. Meanwhile, our latest consensus estimate is calling for revenue of $4.38 billion, down 2.04% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $9.10 per share and revenue of $15.73 billion, which would represent changes of +32.08% and +18.55%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for ASML. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. Within the past 30 days, our consensus EPS projection remained stagnant. ASML is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that ASML has a Forward P/E ratio of 49.77 right now. This valuation marks a premium compared to its industry's average Forward P/E of 20.62.
We can also see that ASML currently has a PEG ratio of 2.27. 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. The Semiconductor Equipment - Wafer Fabrication industry currently had an average PEG ratio of 1.8 as of yesterday's close.
The Semiconductor Equipment - Wafer Fabrication industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 37, putting it in the top 15% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.