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ASML (ASML) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, ASML (ASML - Free Report) closed at $660.53, marking a -1.35% move from the previous day. This change lagged the S&P 500's daily loss of 0.16%. Meanwhile, the Dow lost 0.48%, and the Nasdaq, a tech-heavy index, added 0.11%.
Coming into today, shares of the equipment supplier to semiconductor makers had lost 1.98% in the past month. In that same time, the Computer and Technology sector lost 1.79%, while the S&P 500 lost 1.25%.
Wall Street will be looking for positivity from ASML as it approaches its next earnings report date. The company is expected to report EPS of $5.11, up 18.29% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $7.49 billion, up 28.57% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $21.63 per share and revenue of $30.5 billion, which would represent changes of +45.27% and +32.2%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for ASML. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. ASML is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, ASML is currently trading at a Forward P/E ratio of 30.96. This valuation marks a premium compared to its industry's average Forward P/E of 25.23.
We can also see that ASML currently has a PEG ratio of 1.08. 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. ASML's industry had an average PEG ratio of 3.18 as of yesterday's close.
The Semiconductor Equipment - Wafer Fabrication industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 22, which puts it in the top 9% 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 follow all of these stock-moving metrics, and many more, on Zacks.com.
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ASML (ASML) Dips More Than Broader Markets: What You Should Know
In the latest trading session, ASML (ASML - Free Report) closed at $660.53, marking a -1.35% move from the previous day. This change lagged the S&P 500's daily loss of 0.16%. Meanwhile, the Dow lost 0.48%, and the Nasdaq, a tech-heavy index, added 0.11%.
Coming into today, shares of the equipment supplier to semiconductor makers had lost 1.98% in the past month. In that same time, the Computer and Technology sector lost 1.79%, while the S&P 500 lost 1.25%.
Wall Street will be looking for positivity from ASML as it approaches its next earnings report date. The company is expected to report EPS of $5.11, up 18.29% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $7.49 billion, up 28.57% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $21.63 per share and revenue of $30.5 billion, which would represent changes of +45.27% and +32.2%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for ASML. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. ASML is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, ASML is currently trading at a Forward P/E ratio of 30.96. This valuation marks a premium compared to its industry's average Forward P/E of 25.23.
We can also see that ASML currently has a PEG ratio of 1.08. 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. ASML's industry had an average PEG ratio of 3.18 as of yesterday's close.
The Semiconductor Equipment - Wafer Fabrication industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 22, which puts it in the top 9% 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 follow all of these stock-moving metrics, and many more, on Zacks.com.