We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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) Stock Moves -0.31%: What You Should Know
Read MoreHide Full Article
ASML (ASML - Free Report) closed at $398.33 in the latest trading session, marking a -0.31% move from the prior day. This change was narrower than the S&P 500's 0.33% loss on the day. At the same time, the Dow lost 0.1%, and the tech-heavy Nasdaq lost 0.22%.
Coming into today, shares of the equipment supplier to semiconductor makers had lost 15.19% in the past month. In that same time, the Computer and Technology sector lost 14.71%, while the S&P 500 lost 11.67%.
ASML will be looking to display strength as it nears its next earnings release, which is expected to be October 19, 2022.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $13.56 per share and revenue of $20.76 billion. These totals would mark changes of -17.32% and -5.58%, respectively, from last year.
Any recent changes to analyst estimates for ASML should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.05% lower. ASML is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, ASML currently has a Forward P/E ratio of 29.47. For comparison, its industry has an average Forward P/E of 11.47, which means ASML is trading at a premium to the group.
Investors should also note that ASML has a PEG ratio of 1.31 right now. 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 1.31 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 178, putting it in the bottom 30% 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.
To follow ASML in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
ASML (ASML) Stock Moves -0.31%: What You Should Know
ASML (ASML - Free Report) closed at $398.33 in the latest trading session, marking a -0.31% move from the prior day. This change was narrower than the S&P 500's 0.33% loss on the day. At the same time, the Dow lost 0.1%, and the tech-heavy Nasdaq lost 0.22%.
Coming into today, shares of the equipment supplier to semiconductor makers had lost 15.19% in the past month. In that same time, the Computer and Technology sector lost 14.71%, while the S&P 500 lost 11.67%.
ASML will be looking to display strength as it nears its next earnings release, which is expected to be October 19, 2022.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $13.56 per share and revenue of $20.76 billion. These totals would mark changes of -17.32% and -5.58%, respectively, from last year.
Any recent changes to analyst estimates for ASML should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.05% lower. ASML is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, ASML currently has a Forward P/E ratio of 29.47. For comparison, its industry has an average Forward P/E of 11.47, which means ASML is trading at a premium to the group.
Investors should also note that ASML has a PEG ratio of 1.31 right now. 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 1.31 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 178, putting it in the bottom 30% 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.
To follow ASML in the coming trading sessions, be sure to utilize Zacks.com.