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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 $666.04, moving +0.37% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.7%. Meanwhile, the Dow lost 0.57%, and the Nasdaq, a tech-heavy index, lost 1.06%.
Coming into today, shares of the equipment supplier to semiconductor makers had lost 2.33% in the past month. In that same time, the Computer and Technology sector gained 3.06%, while the S&P 500 gained 0.58%.
ASML will be looking to display strength as it nears its next earnings release. On that day, ASML is projected to report earnings of $5.11 per share, which would represent year-over-year growth of 18.29%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $7.49 billion, up 28.57% from the year-ago period.
ASML's full-year Zacks Consensus Estimates are calling for earnings of $21.63 per share and revenue of $30.5 billion. These results would represent year-over-year changes of +45.27% and +32.2%, respectively.
Any recent changes to analyst estimates for ASML should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Within the past 30 days, our consensus EPS projection remained stagnant. ASML currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, ASML is holding a Forward P/E ratio of 30.68. This represents a premium compared to its industry's average Forward P/E of 25.09.
Meanwhile, ASML's PEG ratio is currently 1.07. 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 3.21 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 31, putting it in the top 13% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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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 $666.04, moving +0.37% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.7%. Meanwhile, the Dow lost 0.57%, and the Nasdaq, a tech-heavy index, lost 1.06%.
Coming into today, shares of the equipment supplier to semiconductor makers had lost 2.33% in the past month. In that same time, the Computer and Technology sector gained 3.06%, while the S&P 500 gained 0.58%.
ASML will be looking to display strength as it nears its next earnings release. On that day, ASML is projected to report earnings of $5.11 per share, which would represent year-over-year growth of 18.29%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $7.49 billion, up 28.57% from the year-ago period.
ASML's full-year Zacks Consensus Estimates are calling for earnings of $21.63 per share and revenue of $30.5 billion. These results would represent year-over-year changes of +45.27% and +32.2%, respectively.
Any recent changes to analyst estimates for ASML should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Within the past 30 days, our consensus EPS projection remained stagnant. ASML currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, ASML is holding a Forward P/E ratio of 30.68. This represents a premium compared to its industry's average Forward P/E of 25.09.
Meanwhile, ASML's PEG ratio is currently 1.07. 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 3.21 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 31, putting it in the top 13% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.