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ASML (ASML) Stock Moves -1.04%: What You Should Know
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In the latest trading session, ASML (ASML - Free Report) closed at $728.26, marking a -1.04% move from the previous day. Meanwhile, the Dow lost 0.15%, and the Nasdaq, a tech-heavy index, lost 2.33%.
Heading into today, shares of the equipment supplier to semiconductor makers had gained 15.86% over the past month, outpacing the Computer and Technology sector's gain of 9.73% and the S&P 500's gain of 1.03% in that time.
ASML will be looking to display strength as it nears its next earnings release. In that report, analysts expect ASML to post earnings of $4.97 per share. This would mark year-over-year growth of 31.83%.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $20.43 per share and revenue of $29.15 billion. These totals would mark changes of +37.21% and +26.36%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for ASML. 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 0.54% lower. ASML is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, ASML currently has a Forward P/E ratio of 36.02. For comparison, its industry has an average Forward P/E of 20.01, which means ASML is trading at a premium to the group.
Meanwhile, ASML's PEG ratio is currently 1.23. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Semiconductor Equipment - Wafer Fabrication stocks are, on average, holding a PEG ratio of 3.47 based on yesterday's closing prices.
The Semiconductor Equipment - Wafer Fabrication industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 116, which puts it in the top 47% 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.
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ASML (ASML) Stock Moves -1.04%: What You Should Know
In the latest trading session, ASML (ASML - Free Report) closed at $728.26, marking a -1.04% move from the previous day. Meanwhile, the Dow lost 0.15%, and the Nasdaq, a tech-heavy index, lost 2.33%.
Heading into today, shares of the equipment supplier to semiconductor makers had gained 15.86% over the past month, outpacing the Computer and Technology sector's gain of 9.73% and the S&P 500's gain of 1.03% in that time.
ASML will be looking to display strength as it nears its next earnings release. In that report, analysts expect ASML to post earnings of $4.97 per share. This would mark year-over-year growth of 31.83%.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $20.43 per share and revenue of $29.15 billion. These totals would mark changes of +37.21% and +26.36%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for ASML. 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 0.54% lower. ASML is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, ASML currently has a Forward P/E ratio of 36.02. For comparison, its industry has an average Forward P/E of 20.01, which means ASML is trading at a premium to the group.
Meanwhile, ASML's PEG ratio is currently 1.23. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Semiconductor Equipment - Wafer Fabrication stocks are, on average, holding a PEG ratio of 3.47 based on yesterday's closing prices.
The Semiconductor Equipment - Wafer Fabrication industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 116, which puts it in the top 47% 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.