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ASML (ASML) Gains As Market Dips: What You Should Know
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ASML (ASML - Free Report) closed at $467.25 in the latest trading session, marking a +0.34% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.72%. At the same time, the Dow lost 0.45%, and the tech-heavy Nasdaq lost 0.27%.
Heading into today, shares of the equipment supplier to semiconductor makers had lost 17.04% over the past month, lagging the Computer and Technology sector's loss of 14.29% and the S&P 500's loss of 9.06% in that time.
Wall Street will be looking for positivity from ASML as it approaches its next earnings report date.
ASML's full-year Zacks Consensus Estimates are calling for earnings of $13.55 per share and revenue of $20.76 billion. These results would represent year-over-year changes of -17.38% and -5.58%, respectively.
Investors should also note any recent changes to analyst estimates for ASML. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 moved 6.79% lower. ASML is currently a Zacks Rank #3 (Hold).
In terms of valuation, ASML is currently trading at a Forward P/E ratio of 34.37. This valuation marks a premium compared to its industry's average Forward P/E of 13.25.
We can also see that ASML currently has a PEG ratio of 1.53. 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. Semiconductor Equipment - Wafer Fabrication stocks are, on average, holding a PEG ratio of 1.53 based on yesterday's closing prices.
The Semiconductor Equipment - Wafer Fabrication industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 99, putting it in the top 40% 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.
To follow ASML in the coming trading sessions, be sure to utilize Zacks.com.
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ASML (ASML) Gains As Market Dips: What You Should Know
ASML (ASML - Free Report) closed at $467.25 in the latest trading session, marking a +0.34% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.72%. At the same time, the Dow lost 0.45%, and the tech-heavy Nasdaq lost 0.27%.
Heading into today, shares of the equipment supplier to semiconductor makers had lost 17.04% over the past month, lagging the Computer and Technology sector's loss of 14.29% and the S&P 500's loss of 9.06% in that time.
Wall Street will be looking for positivity from ASML as it approaches its next earnings report date.
ASML's full-year Zacks Consensus Estimates are calling for earnings of $13.55 per share and revenue of $20.76 billion. These results would represent year-over-year changes of -17.38% and -5.58%, respectively.
Investors should also note any recent changes to analyst estimates for ASML. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 moved 6.79% lower. ASML is currently a Zacks Rank #3 (Hold).
In terms of valuation, ASML is currently trading at a Forward P/E ratio of 34.37. This valuation marks a premium compared to its industry's average Forward P/E of 13.25.
We can also see that ASML currently has a PEG ratio of 1.53. 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. Semiconductor Equipment - Wafer Fabrication stocks are, on average, holding a PEG ratio of 1.53 based on yesterday's closing prices.
The Semiconductor Equipment - Wafer Fabrication industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 99, putting it in the top 40% 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.
To follow ASML in the coming trading sessions, be sure to utilize Zacks.com.